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Should You Sell AMC Entertainment Stock?

TheMotleyFool

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Should You Sell AMC Entertainment Stock?

Shares of AMC Entertainment (NYSE: AMC) are dramatically overvalued and poised for a brutal fall.

So says LightShed Partners analyst Rich Greenfield, who placed a sell rating on AMC's stock on Wednesday. He sees the struggling movie theater chain's share price plunging to $0.01. AMC currently trades near $10.50.

Yes, you read that correctly. Greenfield is warning AMC's shareholders that they could lose essentially all of their money.

Source Fool.com

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