Where Will AMC Be in 1 Year?
It's only February, but 2021 has already held a year's worth of excitement for AMC Entertainment (NYSE: AMC) shareholders.
The movie theater operator limped into 2021 with CEO Adam Aron previously having said that the company might be forced to declare bankruptcy if it could not raise enough capital. However, on Jan. 25, Aron announced that the company had raised enough to cash to put bankruptcy effectively "off the table," giving the stock a shot in the arm. Later that week, the stock skyrocketed as it caught on with Reddit traders on WallStreetBets, shooting up to more than $20 a share on a short squeeze. Soon after, it fell back down near its prior levels as traders pocketed gains.
Despite its challenges, a number of investors are hopeful that AMC can bounce back from the pandemic over the next year. Let's take a look at where the world's largest movie theater chains will be a year from now.
Source Fool.com
