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AMC Entertainment Has a New Price Target: $0.01

·5 min read
AMC Entertainment Has a New Price Target: $0.01
In this article:
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  • AMC

In its simplest form, the Reddit frenzy involves retail investors -- mostly young and/or novice investors -- banding together to buy shares and out-of-the-money call options on heavily short-sold stocks. Greenfield's thesis as to why AMC will lose nearly 100% of its value over the next year hits on a number of points.