7 Small-Cap Robinhood Stocks Millennials and Gen Z Are Betting On - 1 of 7

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.