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