Why AMC Networks Stock Is Soaring Today

Why AMC Networks Stock Is Soaring Today

AMC Networks' balance sheet is in reasonably good repair, balancing $1.1 billion of cash equivalents against $2.8 billion in long-term debt. The two media companies are easily confused, and this wouldn't be the first time one stock made a big move based on what an unrelated business with a similar name and ticker was doing that day. AMC Networks investors should write off today's big move as a misunderstanding.