The Meme Party Is Over: Why AMC Stock Could Be Headed to Zero
AMCAMC(AMC) Investor Place·2024-06-14 18:15

Among the companies that most directly benefited from the Roaring Kitty-led rally in meme stocks, AMC Entertainment (NYSE:AMC) stock certainly saw the similar sort of move many investors would have expected to see on excitement around the next wave of investor interest in short squeeze stocks. AMC’s recent rally has certainly appeared to be short-lived. After surging above 10pershareapproximatelyonemonthago,sharesofAMCstockhavecontinuedtodeclinebelowthe10 per share approximately one month ago, shares of AMC stock have continued to decline below the 5 level at the time of writing. Inde ...