Retail Investor Love Is Not Enough to Keep AMC Stock Afloat
Clearly, global movie theater chain AMC Entertainment (NYSE: AMC ) has a CEO who’s not afraid to engage with his fans. Adam Aron’s investor outreach has been remarkable, and possibly commendable. Yet, holding AMC stock now would be a major gamble as the company’s lack of profits remains a concern. Is it the company’s business to show films, or to be a meme-crowd darling? Aron doesn’t seem to mind blurring the lines a bit, and even shifting AMC Entertainment’s focus onto the “apes” who loyally stand by the company and its stock. Whether this is a good thing or not depends on one’s perspective. Short-term trading is fine, but long-term investors should consider AMC Entertainment’s fundamentals — and not necessarily be encouraged by the CEO’s “ape logic.” What’s Happening With AMC Stock? Lately, the short-squeeze crowd has only managed to stage brief rallies, it seems. Long gone are the heady days of 2021, when AMC stock surged 500%. This year, the shares have gained 50% or 100% in value a couple of times, only to cough up those gains and plumb new depths.
Retail Investor Love Is Not Enough to Keep AMC Stock Afloat
Clearly, global movie theater chain AMC Entertainment (NYSE: AMC ) has a CEO who’s not afraid to engage with his fans. Adam Aron’s investor outreach has been remarkable, and possibly commendable. Yet, holding AMC stock now would be a major gamble as the company’s lack of profits remains a concern. Is it the company’s business to show films, or to be a meme-crowd darling? Aron doesn’t seem to mind blurring the lines a bit, and even shifting AMC Entertainment’s focus onto the “apes” who loyally stand by the company and its stock. Whether this is a good thing or not depends on one’s perspective. Short-term trading is fine, but long-term investors should consider AMC Entertainment’s fundamentals — and not necessarily be encouraged by the CEO’s “ape logic.” What’s Happening With AMC Stock? Lately, the short-squeeze crowd has only managed to stage brief rallies, it seems. Long gone are the heady days of 2021, when AMC stock surged 500%. This year, the shares have gained 50% or 100% in value a couple of times, only to cough up those gains and plumb new depths.