3 Reasons Why the AMC Entertainment Stock Bubble Could Soon Pop
Retail investors are pouring into AMC Entertainment Holdings (NYSE: AMC) as part of a marketwide attempt to trigger short squeezes -- which is what happens when a chain reaction of short-covering actions causes an equity price to skyrocket. The rally has sent AMC stock up 525% year to date.
But those who currently own shares in this movie theater operator should consider jumping ship. AMC faces massive losses and a potentially broken business model. The stock price bubble could pop at any moment. Here are three reasons why.
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Source Fool.com
