AMC Stock's Longest Winning Streak Signals Reversal in Investor Sentiment
TL;DR Summary
AMC Entertainment's shares rose 4.1% on Monday, marking its longest winning streak since December 2023, with short interest at 10.91% of public float. The movie-theater chain, known as a meme stock, has recently hit record lows but rallied last week with a 10.9% gain. AMC's CEO expressed frustration over the stock's decline, as it has fallen 89% in the last 52 weeks compared to the S&P 500 index's gain of 21.4%.
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- AMC Entertainment Holdings Inc. Cl A stock outperforms competitors on strong trading day MarketWatch
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- Even AMC Stock's Die-Hard Investors Are Losing Interest as Challenges Persist InvestorPlace
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