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1 Stock to Avoid No Matter What

TheMotleyFool

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AMC Entertainment Holdings (NYSE: AMC) became a meme stock this year. This dubious honor helped the stock price take off when the movie theater operator became popular with social media users. The share price started out in 2021 at about $2 and peaked over $62 per share in early June. It currently trades at about $37 -- still quite a gain this year.

While the price action is exciting, particularly if you own the shares, the business fundamentals continue to send up warning flags. The industry is likely to continue going through fast changes that aren't beneficial to AMC's prospects.

Image source: Getty Images.

Source Fool.com

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