Hypebeast -
5 Jun 2021 12:52
With retail investors and meme stock-interest driving the stock price of AMC to an all-time high recently, an analyst has now declared what they feel the stock is actually worth. Chad Benyon and his team at Macquarie have stressed their price target of $6 USD -- less than half the price of a single ticket to an AMC theater.The note released by the Macquarie team pointed to underlying issues at the company: "Despite shares now up 2,850% year-to-date (as of 6/2 close) vs. the S&P 500 of 12%, AMC b...
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