2 Things AMC and GameStop Have in Common
GameStop (NYSE: GME) and AMC Entertainment Holdings (NYSE: AMC) are being paired together by investors like the salt and pepper shaker on your dining table. Over the last several months, the two consumer stocks are experiencing gut-wrenching price movement. The stocks have increased or decreased by 50% or more in a single day more than a few times. Normally, an up or down move of that magnitude is a rare event.
GameStop and AMC are in different lines of business. GameStop is a video game retailer that specializes in offering customers the ability to buy and sell used games. In comparison, AMC is in the business of bringing people together in one of its over 1,000 movie-theatres to watch box-office attractions on a big screen with the latest technology. But their stock prices are experiencing similar volatility.
So what does a video game retailer have in common with a movie-theatre chain?
Source Fool.com
