September Sell-Off: Buy AMC Stock on the Dip?
AMC Entertainment Holdings (NYSE: AMC) shares are trending downward. From Sept. 15 to Sept. 21, the stock is down 17.9%. The company is not a stranger to volatility. The stock price has climbed from $5 per share to $62 and back down to $39 in 2021.
That kind of volatility is typically rare, but AMC has grasped the attention of a group of Reddit traders who intend to pull off a short squeeze. As a result, the frequent buying and selling is creating turbulence in the stock price. Nevertheless, those trades are not often related to AMC's business prospects, which are improving but still very poor. So did this recent drop in AMC's stock price make it an attractive investment?
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Source Fool.com
