1 Stock to Avoid No Matter What
Some of the biggest victims of the stock sell-off in 2022 are the meme stocks that got so much attention in 2020 and 2021. Video game retailer GameStop sells for 59% less than its 52-week high, and meal-kit specialist Blue Apron has fallen back into penny stock territory.
The next meme stock with real potential to return to penny-stock status may be AMC Entertainment Holdings (NYSE: AMC). Although a good portion of the audience populating this cinema chain's theaters has returned, the movie theater stock faces an uncertain future as it tries to overcome numerous struggles. That's what makes this a stock for long-term investors to avoid. Let me explain.
Investors should first distinguish between AMC as a company and AMC as a stock. Admittedly, AMC as a company is unlikely to go away as audiences have returned to theaters and ticket sales are seeing some recovery.
Source Fool.com
