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AMC Entertainment: A Rocket To Nowhere

ByTim Knight
Published 03/16/2022, 01:00 AM
Updated 07/09/2023, 06:31 AM

Let us recount the preposterous journey of AMC Entertainment (NYSE:AMC) in a single graphic. This was, of course, the darling of the /wallstreetbets lunatics. They seriously thought it was going to $5,000 per share because they were going to defeat the big, bad hedge funds.

Suffice it to say that they have failed, and that a person who acquired AMC at its public offering nine full years ago would be sitting on a 0% gain now.

AMC Stock Chart

Latest comments

Looks like Tik Knight is an idiot
Strawman ad hominem attack... misrepresenting retail traders as all expecting 5 grand a share. On the flip side, short sellers failed to bankrupt this stock. So who is truly failing? The Federal Reserve will have to eventually act to curb inflation, when they do, all the short sellers who may be shorting on margin are going to have to buy back at some point, seeing as interest rates rise so too will rise the cost to borrow
On the other hand, AMC is up about 36% since the pubished date of this piece. So, a person who ignored your opinion and purchased on 3/16 is up substantially. Price only matters on the day you buy and the day you sell. Most people still holding AMC probably don’t give a rat’s ***about the price if AMC at its public offering. After all, a 36% run up in a handful of trading days is pretty notable.
Embarrassing
Awww Timothy momma has your din din sugar
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