#1 - AMC Entertainment Holdings (NYSE:AMC)
AMC Entertainment Holdings Inc. (NYSE: AMC) became part of the meme stock craze of 2021. At that time, AMC stock had significant short interest that retail investors used to their advantage to initiate a short squeeze. In fact, at one point, AMC stock traded for over $320.
But the stock has fallen sharply since then and is once again trading as a penny stock. The issue is the company’s business model, which still faces significant pressure from streaming companies. While AMC has seen a boost from several blockbuster films that have drawn more guests back to theaters, this has not been enough to alleviate the broader challenges.
In December 2024, AMC announced a stock sale in an effort to strengthen its balance sheet. This move is the latest in a series of stock sales conducted over the past three years, alongside a 1-for-10 reverse stock split implemented in 2023.
Nevertheless, as the activity on Robinhood suggests, AMC continues to have a base of committed investors. And that’s the kind of conviction you’ll need to get involved with AMC stock.
About AMC Entertainment
AMC Entertainment Holdings, Inc, through its subsidiaries, engages in the theatrical exhibition business. It owns, operates, or has interests in theatres in the United States and Europe. The company was founded in 1920 and is headquartered in Leawood, Kansas.
- Current Price
- $3.96
- Consensus Rating
- Reduce
- Ratings Breakdown
- 0 Buy Ratings, 3 Hold Ratings, 3 Sell Ratings.
- Consensus Price Target
- $5.44 (37.4% Upside)
