Does AMC Entertainment Deserve to Be Trading at $10 a Share?
AMC Entertainment (NYSE: AMC) is riding a wave of euphoria surrounding the reopening of theaters in a number of previously closed states. Its stock is up over 50% in the past month as California and New York have eased their restrictions on going to the movies.
Yet at over $10 per share, the cinema operator's stock is trading at levels not seen in about two years. Forget the ill effects of the COVID-19 pandemic -- AMC was in trouble before that, but its current rally seems to have wiped away all vestiges of the concerns investors previously held.
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Source Fool.com
