AMC Stock Is Undervalued Considering These Three Catalysts
AMC Entertainment Holdings (NYSE: AMC ) stock has had a long and interesting ride. During the frothy days, Reddit’s sub-group, r|WallStreetBets , stoked investor buying with entertaining memes. These days, the group’s creative memes are drying up. This will not matter for AMC. For whatever reason, the mantra to hold GameStop (NYSE: GME ) because it “won’t stop” helps AMC stock. 7 Butchered Tech Stocks to Buy and Hold At a market capitalization of $6.66 billion, bears continue to bet against the meme traders. The short float is 21.31% for a very good reason. AMC’s theatre business has incredible demand challenges ahead. Despite the risks, the stock rallied at least twice in the last two months on a strong movie release. This is one of three potential catalysts. AMC AMC Entertainment $12.47 Catalyst #1: Box-office Hits Paramount’s (NASDAQ: PARA ) Top Gun sequel is a positive catalyst for attracting customers back to AMC theatres. On the opening weekend, the film earned $124 million in revenue from 62 markets .
AMC Stock Is Undervalued Considering These Three Catalysts
AMC Entertainment Holdings (NYSE: AMC ) stock has had a long and interesting ride. During the frothy days, Reddit’s sub-group, r|WallStreetBets , stoked investor buying with entertaining memes. These days, the group’s creative memes are drying up. This will not matter for AMC. For whatever reason, the mantra to hold GameStop (NYSE: GME ) because it “won’t stop” helps AMC stock. 7 Butchered Tech Stocks to Buy and Hold At a market capitalization of $6.66 billion, bears continue to bet against the meme traders. The short float is 21.31% for a very good reason. AMC’s theatre business has incredible demand challenges ahead. Despite the risks, the stock rallied at least twice in the last two months on a strong movie release. This is one of three potential catalysts. AMC AMC Entertainment $12.47 Catalyst #1: Box-office Hits Paramount’s (NASDAQ: PARA ) Top Gun sequel is a positive catalyst for attracting customers back to AMC theatres. On the opening weekend, the film earned $124 million in revenue from 62 markets .