AMC stock surges after U.S. court halts stock conversion plan.

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By Dipak Jaiswal 24 July 2023

Delaware court denies AMC's proposed settlement to issue new shares.

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AMC warned of cash burn and bankruptcy risk.

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CEO files revised petition addressing court concerns.

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AMC common shares rise 21% to $5.33; preferred shares fall.

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Success of "Barbie" and "Oppenheimer" movies boosts theater chains.

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Social media buzz reflects excitement over AMC stock.

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Short squeeze activities expected, short sellers may face $270 million losses.

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Investors warned against shorting AMC during squeeze, seek opportunities in GameStop, Koss, and Tupperware.

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