3 Reasons to Sell AMC Entertainment Holdings Stock
A tightly packed movie theater is the last place most people want to be with a highly contagious disease spreading around the world. That's partly why shares of AMC Entertainment Holdings (NYSE: AMC) have performed poorly in recent months, sliding by around 22% year to date compared to a 3% decline in the S&P 500 (through midday Tuesday).
AMC's decline is still modest considering the massive near- and long-term challenges the company faces from a possible resurgence of the novel coronavirus, weak fundamentals, and competition from online streaming services like Netflix.
The market looks too optimistic about AMC. Here are three reasons to sell the stock before it drops even further.
Source Fool.com
