Why AMC Stock Isn't a Buy Low Right Now

I’ve seen some fantastic stock opportunities since the pandemic hit the U.S. economy.

We saw the fastest sell-off in history, followed by one of the most rapid recoveries in history.

We’ve seen Overstock.com (NASDAQ: OSTK) soar tenfold as traders piled into the stock after the selloff.

An unknown company called Genius Brands (NASDAQ: GNUS) ran up fivefold after announcing comic books based on Stan Lee’s characters.

Finally, Waitr Holdings (NASDAQ: WTRH), based in Lafayette, La., jumped more than 1,300% during the pandemic.

These successes have investors looking at beaten-down stocks they think will surely explode higher as soon as the pandemic is behind us.

These are usually airlines, cruise lines, casinos, and theater stocks.

But that’s just wishful thinking, especially when it comes to a stock like AMC Entertainment Holdings (NYSE: AMC).

The post Why AMC Stock Isn’t a Buy Low Right Now appeared first on Money Morning – We Make Investing Profitable.

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