Why Meme Stocks AMC Entertainment And GameStop Are Still ''In Danger Of Declining To $0'' Meme stocks GameStop Corp. (NYSE: GME ) and AMC Entertainment Holdings Inc (NYSE: AMC ) are having another moment, gaining 20% and 48.7% in the past month, respectively. New Constructs analyst David Trainer remains skeptical of the two stocks and said both AMC and GameStop''s underlying businesses continue to struggle. AMC''s Cash Burn: Trainer said AMC''s problems began well before the COVID-19 pandemic in 2020. The company has now burned through $6.8 billion in free cash flow since 2014. Trainer pointed out the company was narrowly able to avoid bankruptcy by raising capital and heavily diluting shareholders during the pandemic. After the company failed to gain shareholder approval to sell even more shares, AMC found a workaround to raise capital by selling preferred equity shares under the ticker APE. Related Link: AMC, GameStop Are Running Again: What''s Behind … Full story available on Benzinga.com