Why AMC Entertainment Stock Plunged 40% in February
Shares of AMC Entertainment (NYSE: AMC) were taking a dive last month after the WallStreetBets rally cooled off and the stock gave back some of its monster gains in January. The sell-off came even as there was some good news out on the movie theater operator, which was nearly pushed into bankruptcy by the pandemic.
According to data from S&P Global Market Intelligence, shares of AMC lost 40% in February.
Image source: AMC Entertainment.
Source Fool.com
