AMC Entertainment (NYSE:AMC) Cashes In on Meme Stock Mania…Again - TipRanks.com

AMC Entertainment (NYSE:AMC) has capitalized on the renewed meme stock frenzy by completing an equity offering of 72.5 million shares, raising $250 million. This follows a pattern of similar capital raises over the past four years, despite causing dilution for existing shareholders. The company's stock has surged by nearly 129% recently, fueled by factors like the return of "Roaring Kitty" and potential short squeezes. However, AMC remains a risky investment, with ongoing annual losses and a recent decline in theater attendance. Analysts currently rate the stock as a Moderate Sell, with a price target suggesting a potential downside.