A judge blocked AMC's proposed stock conversion plan

There are a few reasons why AMC stock surged on July 25, 2023

• A judge blocked AMC's proposed stock conversion plan. The plan would have allowed AMC to issue more shares, which would have diluted existing shareholders' ownership stakes. The judge ruled that the plan was unfair to preferred shareholders, who would have been disproportionately affected by the dilution.
• AMC reported strong earnings for the second quarter of 2023. The company reported earnings of $2.19 per share, beating analyst expectations of $0.86 per share. Revenue was also up 100% year-over-year.
• Meme stocks are making a comeback. AMC is one of a number of meme stocks that have been on the rise in recent weeks. These stocks are popular among retail investors who use social media platforms like Reddit and Twitter to coordinate their buying and selling activities.

The combination of these factors led to a surge in AMC stock on July 25. The stock closed the day up 38% at $9.56 per share.

It is important to note that the stock market is volatile, and AMC stock could continue to fluctuate in the coming days and weeks. Investors should do their own research before making any investment decisions.