Credit Suisse shares hit a record low on Wednesday months after it gave a bad valuation to AMC.
Supporters of AMC have been mocking Credit Suisse for its recent financial woes after the investment bank gave AMC shares a poor valuation last fall.In October, Credit Suisse assigned AMC a penny stock valuation and recommended those holding AMC shares to sell.
Twitter users such as @AMCcheerleader and Reddit users in r/amcstock were among those taking delight in Credit Suisse's stock troubles. Supporters of the AMC movie theater chain have taken to social media to mock Credit Suisse's recent financial woes due to the investment bank giving AMC shares a poor valuation last fall.more than 20 percent
, before rebounding to slightly above $2 on Thursday. Wednesday's decline followed news that Saudi National Bank, Credit Suisse's largest investor, would not provide the Swiss bank with additional financial assistance. The news about Credit Suisse has prompted concerns of a global banking crisis as it came on the heels of the seizure of two U.S. financial institutions,
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