AMC Entertainment (AMC) had eight unusually active options on Thursday out of 1,325 on the day. The beleaguered theater chain’s stock is down 32% in the past year, trading in penny-stock territory for 19 months and counting.
One of the key meme stocks that made headlines in 2021, its stock traded at an all-time high of $726.20 on May 31, 2021. It has lost 99.5% of its value over the past four years and six months. Contrarian investors might look at its current share price and think it can’t go much lower, as this year’s box office is setting up to be relatively strong.
