AMC Entertainment Holdings Inc.
(NYSE:AMC) stock rose Tuesday as retail investors responded to comments made by CNBC's Jim Cramer, treating his critical assessment of the company as a signal to buy.
In a segment published on Monday, Cramer said AMC's turnaround narrative was undermined by its debt levels.
"When the meme stock guys pushed AMC, the movie theater chain, as a turnaround play, I knew the stock would have a limited shelf life because the balance sheet was heinous," Cramer said.
He added that the company "needed to borrow too much money to get back into growth mode." Read Also: Palantir CEO Alex Karp Warns AI Could Become America's Biggest Driver of Wealth Inequality: 'You Now Have a Revolution Where…' Social Media Reaction Drives Buying On Monday, an X account called DegenLife, which describes itself as representing retail "apes" who hold AMC shares, posted a screenshot of Cramer's remarks with the caption "Something Big Is Coming." On Tuesday, a parody account referencing actor Ryan Reynolds wrote, "Thanks," Cramer "for the signal to buy buy buy more" AMC.
