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Benzinga
Benzinga
Business
Melanie Schaffer

Here's Why AMC Looks Set To Swing Higher Despite Market Woes Over Inflation Data

AMC Inflation NYSE Entertainment

AMC Entertainment Holdings, Inc (NYSE:AMC) opened lower on Wednesday, but dip buyers caused the stock to trade mostly flat by press time.

The morning weakness was triggered by data released from the Bureau of Labor and Statistics that showed inflation soared 9.1% year-over-year in June, which slammed the stock market as a whole.

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