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Why AMC Stock Plunged Today

TheMotleyFool

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Shares of AMC Entertainment (NYSE: AMC) declined by 9.8% on Monday, as the popular meme stock surrendered some of its recent gains.

AMC's stock price rose roughly 25% last week, after the company said 99% of its U.S. locations would reopen by March 26. However, while this is certainly good news for movie fans and AMC, investors may have bid up the theater chain's stock price too far, too fast.

AMC Entertainment's shares fell sharply on Monday. Image source: Getty Images.

Source Fool.com

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