Wanda Group AMC

Chinese conglomerate Wanda Group is apparently done with AMC Theatres. Wanda has had a controlling stake in the massive theater chain since 2012, but a new report reveals that it has essentially sold off its entire stake in AMC Theatres, exiting the U.S. theatrical exhibition business in the process. Part of this seems to be due to recent Reddit-inspired traders that caused AMC shares to go up nearly 300 percent.

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