The chart of the week looks at one of the more famous “memes” or “COVID stocks”, AMC Entertainment Holdings. As you can see, AMC had an absolutely amazing return from the start of 2021 until its peak in June 2021 of over 2800%! At the time, you either loved the idea of getting rich quick and jumped in and bought, or wished you would have bought the stock and looked in from the outside somewhat confused how a movie theater company was thriving during the pandemic. Whether stock fundamentals played out, AMC Entertainment Holdings was wildly mispriced or something else happened, and the stock has declined about 98% from its peak and about 70% year-to-date. Buyers beware.

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