AMC Entertainment Holdings (AMC), Reddit's favorite movie theatre chain, seems to have shrugged off the sell-off of its unprecedented $72 peak. WallStreetBets retail investors still seem as fond as ever of the name, with the stock up over 730% in the past 12 months. Management has capitalized on the resurgence of its stock, using its funds on efforts that could help it get ticket sales rising again, in spite of the latest rise of Delta variant cases across various parts of the United States. Despite recent initiatives and potential reopening momentum that could be in the cards for 2022, I can't get behind AMC stock at these heights.
https://www.tipranks.com/news/article/amc-entertainment-despite-catalysts-is-stock-too-expensive?utm_source=advfn.com&utm_medium=referral
AMC Entertainment (NYSE:AMC)
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AMC Entertainment (NYSE:AMC)
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From Oct 2020 to Oct 2021 Click Here for more AMC Entertainment Charts.