Roaring Kitty's Last Meow? AMC Stock's Rally Fizzles as Reality Bites
AMC(AMC) Investor Place·2024-06-05 18:26
The seeming inability of retail investors to permanently lift meme stocks bodes badly for AMC Entertainment (NYSE:AMC) stock. Meanwhile, the company’s rather unimpressive first-quarter results, along with its high valuation and huge debt load, also don’t look good for its outlook. In light of all of these points, I strongly urge investors to unload the shares.Meme Stock Investors’ Power Is Rapidly Diminishing In recent weeks, Roaring Kitty, the retail investor who helped launch the meme-stock boom in 2021, ...