Why AMC Entertainment Stock Gained 13% Today
AMC Entertainment (NYSE: AMC) stock gained 13% on Tuesday, still riding the momentum from an analyst at Wedbush Securities doubling his price target to $5 per share yesterday.
So-called "meme stocks" like AMC don't need much to get traders enthused enough to bid up the shares higher, and an analyst's seemingly bullish sentiment -- despite the fact the theater operator is already trading at twice the target level -- doesn't appear to be hurting it.
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Source Fool.com
