RBLX - AMC tops Communications weekly gainers again as it looks to branch out
Communications Services stocks ended up with a flat week, mirroring a broader market that rallied into a Friday close only to finish the week narrowly pulling even. The sector's stocks were down 0.1% for the week as a whole, and the Communication Services Select Sector SPDR Fund (XLC) wrapped up 0.1% higher. That marks a fall-off from last week, when Communications stocks rose 1.8%. Overall, though, several sector winners kept winning and losers kept losing, as a number of stocks repeated among the best- and worst-performing stocks in the sector for the week. AMC Entertainment (NYSE:AMC) was last week's top Communications gainer with a 28% increase, and it topped large-cap gainers again this week, up 21.8% over that span. The stock jumped 44.9% on Monday alone, enough to make up for other declines during the week. And AMC chief Adam Aron is reportedly looking to his board to endorse making more investments in
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AMC tops Communications weekly gainers again as it looks to branch out