AMC's U.S. prospects heading into the Memorial Day weekend are also looking brighter, with domestic coronavirus cases falling and vaccinations rising.
AMC shares gained last Tuesday alongside other meme stocks as day traders renewed their bets on shares of companies they feel they can collectively move higher.
On May 13, AMC said it completed an offering of 43 million shares. The offering brought AMC $428 million of new capital, before commissions and fees, at an average price of $9.94 a share.
Looking at the oscillator you can see we are getting ready for a wild ride ..