AMC Entertainment (NYSE:AMC) features blockbuster films from time to time. However, the company’s shareholders should not expect a happy ending in 2023. I am neutral on AMC stock, as I wouldn’t dare to bet against it because the meme stock traders could return at any moment. At the same time, there’s also too much risk involved for me to consider buying the stock.
Headquartered in Kansas, AMC Entertainment owns and operates a chain of movie theaters in the U.S. Short-term traders sometimes buy AMC stock in hopes of a short squeeze, but serious investors should consider the company’s long-term recovery prospects.
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