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AMC Entertainment’s Stock Flops as 2021 Gains on Wall Street Are Cut in Half
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thewrap.comverge of bankruptcy.)The company’s massive run this year has come as it has been embraced as one of the darlings of Wall Street Bets, a popular Reddit forum where users trade stock advice.
And while many WSB users were defiant on Wednesday, saying AMC was still going to “moon,” or dart higher, others took a more somber tone; several users jumped on WSB to share screenshots of their accounts taking four-and-five-figure hits because of AMC’s drop. “This is one of the dumbest things I’ve ever seen,” one user said in response to another user showing they’d lost $9,300 on AMC on Wednesday. “I love it.
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