Top meme stock and movie theatre chain AMC Entertainment (NYSE: AMC) had an eventful 2021, to say the least. Thanks to Redditors over at WallStreetBets, the stock blasted off in an unprecedented rally that few saw coming. Indeed, 2021 was the year of the meme stock. With the page turned on a new year, it's tough to say what type of action is up ahead. In theory, WallStreetBets traders could return with renewed optimism in a push to squeeze short-sellers. That said, AMC stock is likely to continue falling back to Earth, given it has still yet to surrender the gains enjoyed during the May-June spike.
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