Interactive Brokers Group Founder and Chairman Thomas Peterffy joins Yahoo Finance Live to discuss the company's fourth quarter earnings, the Fed raising interest rates, inflation, meme stocks, and retail trading.
The leading multiplex operator is trading 31% lower in 2022, and down nearly 75% since peaking last June.
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.