Should you buy AMC Entertainment (AMC) stock on Reddit?

AMC Entertainment (NYSE: AMC) stock continues to rally as investors on Reddit stand behind the meme stock. AMC has been gaining for a couple of weeks now as retail traders continue to short-squeeze the stock. This squeeze has been last for some time and there’s no clear end in view. Even so, Redditors don’t seem to be tiring of going after shorts.

What happened to AMC Entertainment (AMC)?

Meme stock movie theater company AMC Entertainment (NYSE: AMC) ended the day in the red Thursday despite a strong week for the volatile stock. AMC bulls on r/amcstock are out and about questioning the forces disrupting an otherwise bullish month for the company. AMC stock dropped nearly 2% on Thursday and is down 0.54% in after-hours trading.

Does AMC have a long-term business model?

Many of the retail stock traders had assembled on Reddit threads including r/WallStreetBets, where an influential post made the case for AMC’s long-term business model and encouraged readers to put the squeeze on Wall Street firms that had shorted the stock.

Did reddit Day traders'save' AMC theaters?

Reddit day traders tried to ‘save’ AMC Theatres. What happens now? An AMC in West Hollywood. Small investors who gathered on the social media platform Reddit sent shares of AMC Entertainment, owners of the world’s largest theater chain, on a wild roller coaster ride this week.