Is Now the Time to Sell AMC Entertainment Stock?
Over the past year, the iconic theater chain AMC Entertainment Holdings (NYSE: AMC) has won over the hearts and souls of WallStreetBets traders. On Wednesday, its shares skyrocketed another 95.6% after the company announced it would launch an exclusive web platform for retail investors. Shareholders would receive many perks, including free popcorn, exclusive new screenings, and the chance to speak with CEO Adam Aron.
Enthusiasm about AMC's turnaround prospects have sent its shares soaring more than 400% in the past month and 2,100% year to date. Is the stock a safe investment right now?
Image source: Getty Images.
Source Fool.com
