Why AMC Entertainment Stock Was Falling Again Today
The short squeeze play that had lifted stocks like AMC Entertainment Holdings (NYSE: AMC) higher continued to unravel today as several WallStreetBets stocks were falling, including GameStop and Express.
The only piece of news out on AMC was a note from Citigroup, saying that while the company has reduced its bankruptcy risk, it's still a stock to avoid. Nonetheless, the main driver of today's sell-off seemed to be the profit taking after last week's spike.
As of noon EST the stock was down 12.9%.
Source Fool.com
