AMC Is Falling Again, but This IPO Stock Is Really Getting Hammered
The stock market has been turbulent recently, and the spell of mixed performance seemed likely to continue based on Tuesday morning's premarket moves. As of 8:15 a.m., futures contracts on the Dow Jones Industrial Average (DJINDICES: ^DJI) were up 20 points to 35,665, but S&P 500 (SNPINDEX: ^GSPC) futures had fallen 8 points to 4,661, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) saw its futures contracts drop 76 points to 16,006.
Meme stocks had hit big highs in recent months, but the market has started to let some of the air out of their ballooning share prices. AMC Entertainment Holdings (NYSE: AMC) has fallen by nearly half in the last month, and its stock was giving up even more ground in premarket trading Tuesday morning. However, a stock that only recently went public suffered even bigger losses before the market opened. Below, we'll look at why AMC has hit the skids and also look into the initial public offering (IPO) stock that's making news.
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Source Fool.com
