AMC's Positive Financial Results Aren't Enough to Offset the Insanity
Sometimes stocks can go up after bad news and go down on good news. Case in point: AMC Entertainment (NYSE: AMC) the movie theater chain-turned-meme stock that has captured the attention of retail investors.
Looking over the company's Nov. 8 third-quarter earnings release and transcript, there was actually quite a bit of good news for the company. Yet AMC's stock swooned 11.4% the following trading day.
With the stock up a whopping 1,800% on the year, it's an understatement to say expectations were high. As the theater chain rebounds from the pandemic, even better-than-expected news and commentary probably won't be enough to justify its nosebleed share price.
Source Fool.com
