AMC Entertainment Holdings on Tuesday gave investors positive news about its underlying business, and its shares turned higher. That’s how things are supposed to work—at least outside the realm of meme stocks.
AMC stock (ticker: AMC) rose 9.7%, to $17.62 in Tuesday morning trading after the movie theater firm released preliminary, unaudited financial results for the fourth quarter that were mostly ahead of expectations. The S&P 500 rose 0.1% and the Dow Jones Industrial Average rose 0.1%.
Shares…