New York Times (June 3)
2021/ 06/ 05 by jd in Global News
The movie theater chain AMC “has soared far higher and faster than GameStop and other meme stocks. AMC’s stock nearly doubled yesterday alone; it’s now worth nearly eight times its prepandemic high, a heady valuation for a business that was flirting with bankruptcy not long ago.” The meme stock frenzies may not be “one-off” events and, by eroding trust in the market, they “could have long-term implications beyond what happens with AMC, GameStop or any other stock in the headlines.”
Tags: AMC, Bankruptcy, Chain, GameStop, Heady, Meme stocks, Movie theater, One-off, Prepandemic, Soared, Trust, Valuation
