Why AMC Stock Is Plunging 16% This Week
Shares of AMC Entertainment Holdings (NYSE: AMC) have fallen 16% so far this week, according to data provided by S&P Global Market Intelligence. There was no specific company news that would have driven this sell-off, so it is likely the selling pressure came after the release of the minutes from the recent Federal Reserve meeting and with the continued bleed-out of meme stocks over the past few months.
On Wednesday of this week, the Federal Reserve released notes from its December meeting. The key points in the report were that it will likely start to raise interest rates to fight inflation and that after it raises rates, it will likely start reducing the size of its balance sheet.
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Source Fool.com
