Investor Warning: Why AMC Is a Meme Stock to Avoid at All Costs

Don’t be fooled by the return of meme stocks. It’s curtains for AMC Entertainment (NYSE:AMC) stock. In mid-May, AMC jumped 135% higher in less than a week as investor interest in meme stocks was rekindled. However, just as quickly as AMC’s share price rose it fell again. Once again, investors who took the bait got burned. Year-to-date, AMC stock is down 25%. Over the last 12 months, the company’s share price has plunged 87%. Trading at less than $5 per share, AMC is now a penny stock and one that should be ...