Is It Time to Buy AMC Entertainment Stock?
Retail traders are once again pouring into heavily shorted stocks to trigger short squeezes, and AMC Entertainment (NYSE: AMC) is one of their main targets. Shares in this embattled movie theater operator have risen by a jaw-dropping 333% so far in 2021.
But is this price rally based on fundamentals or unsustainable hype? Let's dig deeper to find out.
Trading at $9.18 at the time of writing, shares in AMC Entertainment are up in value by more than 50% in just over a week. The move coincides with a rally in GameStop stock, which has also enjoyed a surge in buying.
Source Fool.com
