Advertisement
Australia markets close in 5 hours 29 minutes

  • ALL ORDS

    7,838.60
    -98.90 (-1.25%)
     

  • ASX 200

    7,578.90
    -104.10 (-1.35%)
     

  • AUD/USD

    0.6523
    +0.0000 (+0.00%)
     

  • OIL

    83.91
    +0.34 (+0.41%)
     

  • GOLD

    2,341.50
    -1.00 (-0.04%)
     

  • Bitcoin AUD

    98,574.27
    -421.41 (-0.43%)
     

  • CMC Crypto 200

    1,388.61
    +6.04 (+0.44%)
     

  • AUD/EUR

    0.6079
    +0.0006 (+0.10%)
     

  • AUD/NZD

    1.0941
    -0.0016 (-0.15%)
     

  • NZX 50

    11,891.63
    -54.80 (-0.46%)
     

  • NASDAQ

    17,430.50
    -96.30 (-0.55%)
     

  • FTSE

    8,078.86
    +38.48 (+0.48%)
     

  • Dow Jones

    38,085.80
    -375.12 (-0.98%)
     

  • DAX

    17,917.28
    -171.42 (-0.95%)
     

  • Hang Seng

    17,284.54
    +83.27 (+0.48%)
     

  • NIKKEI 225

    37,609.46
    -19.02 (-0.05%)
     

Could AMC Become a Penny Stock in 2022?

Justin Pope, The Motley Fool
·4-min read
Could AMC Become a Penny Stock in 2022?

Movie theater chain AMC Entertainment (NYSE: AMC) is a "meme stock," one of the most popular stocks on Reddit, and a badge of honor for retail investors after its massive short-squeeze price action last year helped the company avoid bankruptcy. Over the past several months, the market has been much harsher toward speculative and unprofitable stocks, and AMC has fallen steadily. It might be time for investors to prepare for the possibility that AMC becomes a penny stock, and here's why it could happen this year.

Continue reading