Uh-Oh. Why Meme Stock AMC Could Plunge Much Further From Here.

AMC Entertainment (NYSE:AMC) stock rose only 20% during June’s meme-stock rally, suggesting limited future benefits from this trend. The company issued a negative outlook for Q2, expecting weaker performance because of fewer film releases from strikes and ongoing structural issues in the movie theater industry. In Q1, U.S. data showed only 30.5 million attendance viewers, and revenue declined 0.3%.Moreover, the company has unchanged fundamentals, with over $4.6 billion in debt. With $2.8 billion due soon an ...