Move Over, AMC! 3 Stocks That Could Turn $10,000 Into $50,000 Over the Next Decade
Moviegoing will likely always be on many people's list of of things to do on a night out. But the pandemic decimated the industry in 2020, pushing global revenue down 71%. The need to stay at home drove sales of another popular activity -- video games -- past movies and music combined.
Despite the trends, traders became enamored with theater chain AMC Entertainment (NYSE: AMC) earlier this year. A combination of economic recovery and the traders' motivation to burn those betting against the stock fueled a rally lifting shares 2,000% this year.
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Source Fool.com
