Why AMC Entertainment Stock Is Falling Again Today
Shares of AMC Entertainment Holdings (NYSE: AMC) continue to fall, and were down 6.6% Tuesday morning on no company-specific news, but instead because the momentum behind meme stocks fading. GameStop (NYSE: GME) was down over 3% as well.
The theater operator's stock is down more than 17% over the last five trading days.
The retail investors trying to maintain AMC's elevated stock price as a means of forcing the hand of short-sellers could have a long wait ahead as hedge funds have the financial wherewithal to outlast them.
Source Fool.com
