AMC Entertainment Holdings (NYSE: AMC), the world's largest theater operator, was one the pandemic's biggest losers. Not only were theaters completely closed for five months, but even after the company reopened locations all over the country, movie studios have found new outlets for feature film releases through their streaming services.
But AMC is fighting to stay afloat, and it has raised over $2 billion of financing in the past year. Bullish investors (including Reddit users) pushed the stock as much as ten times higher over the past two months, from a low of less than $2 per share in January. Is it too late to get in on the recovery, or should you stay away from this hot potato?
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Source Fool.com