Why Is Everyone Talking About AMC Stock?
AMC Entertainment Group (NYSE: AMC) gained widespread popularity for its part in the meme stock frenzy of 2021. That's when a group of investors got together on social media forums, encouraging each other to buy AMC stock.
The strategy worked to boost the share price by more than 2,000% at one point before it came crashing down as the scheme unraveled. Still, the stock remains popular, and many folks are still holding on in hopes of another surge higher.
More recently, the increased chatter around the company is its rapidly growing revenue. Blockbusters have returned to the big screen, helping AMC bounce back from pandemic-forced shutdowns. Let's see what this could mean for the stock.
Source Fool.com
