AMC Is Now Worth More Than Half the Companies in the S&P 500
- Market value is $31.3 billion, higher than Delta Air Lines
- AMC’s shares are up 2,850% this year, including 95% Wednesday
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The moonshot surge in the shares of AMC Entertainment Holdings Inc. has vaulted it into the ranks of some of the world’s most valuable companies.
The company has gone from a small cap to a large cap in the space of a few months. A 95% gain amid a retail-trading frenzy on Wednesday left the movie-theater chain with a market capitalization of $31.3 billion. That makes it more valuable than half of the companies in the S&P 500 Index.