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Could AMC Become a Penny Stock in 2022?

TheMotleyFool

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Could AMC Become a Penny Stock in 2022?Photo, wide shot, wide-angle lens, Retail store, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/bda07ced-e79e-4489-b731-ada601660c8e.png

Movie theater chain AMC Entertainment (NYSE: AMC) is a "meme stock," one of the most popular stocks on Reddit, and a badge of honor for retail investors after its massive short-squeeze price action last year helped the company avoid bankruptcy.

It was an astonishing story that made headlines, but stories do end. Over the past several months, the market has been much harsher toward speculative and unprofitable stocks, and AMC has fallen steadily. It might be time for investors to prepare for the possibility that AMC becomes a penny stock, and here's why it could happen this year.

Image source: Getty Images.

Source Fool.com

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