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AMC Entertainment Stock Rises Some More As Analyst Warns It’s Worth A Buck; GameStop Tumbles, Reddit Furor Expands From Shares To Silver
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deadline.comShares of the happiest of exhibitors AMC Entertainment continued an upward trajectory Monday fueled by retail traders on Reddit chat rooms, even as a leading Wall Street analyst downgraded the stock to ‘sell’ and valued it at $1.“In our view, the recent volatility and spike in the company’s stock, thanks to the Reddit/WallStreetBets crowd, has decoupled AMC’s share price and its valuation.
Near term prospects of bankruptcy have been avoided thanks to $1.2bn of fresh capital being raised since mid-December. However, equity shareholders have been diluted by roughly 75% over the last couple months and there is still approximately $5.7bn of debt, a total which is growing each quarter due to deferred interest payments,” writes Eric Handler of
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