AMC Stock Plummets Over 90% as 'Ape' Investors Await Earnings Report Amid Ongoing Turnaround Efforts
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AMC Entertainment is a major movie theater chain that became a "meme stock", seeing huge stock price swings. Its share price has fallen over 90% in the past year.
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A group of retail investors known as "Apes" believe a short squeeze could drive AMC's stock price dramatically higher, but this remains uncertain.
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AMC is set to report Q4 2022 earnings on February 28th. Analysts expect narrower losses compared to last year.
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Even if AMC beats earnings expectations again, its stock price could still fall, as happened last quarter.
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Wall Street analysts rate AMC stock as a Moderate Sell currently and warn it carries substantial risk, with the potential to lose much or all invested capital.