Is There Any Hope Left for This Former Meme Stock, Down 35% in 2025?
Nearly five years ago, AMC Entertainment (NYSE: AMC) was not just one of the top meme stocks. It was one of the "meme kings," alongside GameStop (NYSE: GME). During the initial 2021 wave of meme stock mania, shares in both companies surged to record prices, a rally fueled almost entirely by speculation and hype.Although the trend peaked not too long after it started, shares in both companies managed to hold on to a fair amount of their respective meme gains for quite some time. In fact, GameStop -- trading in the low $20s today -- is still technically up from its pre-trend level.Unfortunately, it hasn't been the same story for AMC. Shares in the movie theater chain are down over 99% from their meme highs, and down over 35% just this year alone. Worse yet, while seemingly a bargain today, much suggests AMC still trades at an inflated valuation and could be vulnerable to further price declines.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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