1 Catalyst That Could Send AMC Stock Soaring
AMC Entertainment (NYSE: AMC) has been the subject of rampant speculation between short-sellers on Wall Street and retail traders on the Reddit forum WallStreetBets. One side is betting that AMC stock will fall while the other side is taking a stand and betting the stock will rise. Wall Street short-sellers have deeper pockets, but the retail traders have more people. As of this writing, WallStreetBets has 10.2 million members (although it's not clear how many of them are holding AMC stock).
AMC's stock price has fluctuated wildly in recent weeks and is up an incredible 2,160% year to date. In the tug of war between retail traders and Wall Street short-sellers, retail traders are winning. And an additional catalyst is coming to their aid in 2021 that could boost sentiment for the purchase of AMC stock.
AMC stock is up over 2,100% in 2021. Image source: Getty Images.
Source Fool.com
