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Should You Buy AMC Stock Before August?
AMC (NYSE: AMC), the world's largest owner of movie theaters, was also one of the original meme stocks that popped in 2020 and 2021.Retail investors, through the power of social media and investing chat groups, started looking for stocks with high short interest, even if the company's fundamentals weren't strong.They realized that by working together to purchase shares and refusing to sell, they could keep the stock price higher for longer, eventually forcing short-sellers to repurchase their borrowed shares, which they had to return to the original owners. The result is a massive short squeeze, which can lead to a stock melting up. While AMC's stock has crashed since its epic run, the name still has many loyal followers who think the stock can rally. Should you buy AMC before the company reports earnings some time in early August?Continue reading
AMC (NYSE: AMC), the world's largest owner of movie theaters, was also one of the original meme stocks that popped in 2020 and 2021.
Retail investors, through the power of social media and investing chat groups, started looking for stocks with high short interest, even if the company's fundamentals weren't strong.
They realized that by working together to purchase shares and refusing to sell, they could keep the stock price higher for longer, eventually forcing short-sellers to repurchase their borrowed shares, which they had to return to the original owners. The result is a massive short squeeze, which can lead to a stock melting up. While AMC's stock has crashed since its epic run, the name still has many loyal followers who think the stock can rally. Should you buy AMC before the company reports earnings some time in early August?
