Why AMC Entertainment Is Falling Today
Shares of AMC Entertainment (NYSE: AMC) are falling 2.2% as of 11:13 a.m. ET on Monday despite there being no specific news pushing the shares lower.
The move is following a pattern established last summer when internet stock traders pushed the movie theater operator's highly shorted shares to unreasonable heights during a meme stock trading frenzy -- it hit almost $73 a share last June -- only to see their value subsequently collapse.
Source Fool.com