Will AMC Stock Recover? Don't Bet on It
In theory, AMC Entertainment (NYSE: AMC) has all the makings of a top recovery stock. The movie theater industry has been crushed by the pandemic, with revenue down sharply, but audiences should return once it's safe. With the entertainment stock down 60% from pre-pandemic levels, the opportunity for the world's biggest theater operator is evident.
That line of thinking seems to have propelled the stock up nearly 50% year-to-date, as investors hope that pent-up demand for the theater experience will drive a comeback. Investors also see parallels with Gamestop, another heavily shorted entertainment brand that's made a surprising surge in recent weeks.
But can AMC stock recover?
Source Fool.com
