GME - Things Are Going To Get Very Ugly For AMC Entertainment Holdings
2024-05-15 07:00:46 ET
Summary
- AMC Entertainment, the second most popular meme stock after GameStop, has seen a surge in its share price due to speculators and social media influence.
- The company's fundamentals remain weak, with significant debt and ongoing challenges in the movie theater industry.
- I predict that shares are likely to fall again unless management can raise more capital to reduce debt.
The past few days have been a wild ride for shareholders of so-called ‘meme stocks.’ Undoubtedly, the primary meme stock out there is video game retailer GameStop ( GME ). But if you were to make a list of all the meme stocks out there, starting with the most popular and moving down to the least popular, the second most popular would have to be movie theater operator AMC Entertainment Holdings ( AMC )....
Things Are Going To Get Very Ugly For AMC Entertainment Holdings