AMC Makes $25 Million Private Deal After Cratering 98%. Are Meme Stocks A Buy Now?
AMC continues to struggle below the 50-day moving average, but the movie theater company still is finding buyers willing to pay a premium for the meme stock. Earlier, AMC shares fell after third-quarter results came out on Nov. 8. AMC gained 33% in October amid the release of Taylor Swift's movie, "The Eras Tour." By comparison, the S&P 500 fell 2.2%.