Is AMC Entertainment Stock the New GameStop?
If you enjoy action thriller movies, you may want to watch (but not necessarily own) AMC Entertainment Holdings (NYSE: AMC) right now. Shares of the multiplex operator are surging early on Wednesday, and it has a lot of the same ingredients that helped GameStop (NYSE: GME) spike in recent trading sessions.
Both companies lead in industries that have been widely written off by the general investing community, but a recent positive catalyst offers a spark of hope. Both stocks have large short positions. The most important ingredient of all, it seems, is the groundswell of support from traders in online threads cheering the stocks higher.
Is it going to be a Hollywood ending for the country's largest multiplex operator, or will this be a dud of a GameStop sequel? There are a couple of reasons the two stories may not play out the same, but it's too soon to spoil the plot twists. First you have to figure out why #SaveAMC is trending on Twitter before today's market open.
Source Fool.com
