When it comes to the AMC stock price prediction, retail trades are polarized. One half fully anticipates the Mother of All Short Squeezes or MOASS. Meanwhile, the other half expects AMC Entertainment Holdings to continue falling after its latest reverse stock split.
The movie-theater company and meme-stock’s 1-for-10 reverse split of common stock and AMC Preferred Equity unit stock conversion have taken center stage recently. The ultimate result thus far has been an implosion in AMC stock price as the market encounters heavy selling pressure.
Whether or not AMC stock drops below $5 once again is yet to be seen. However, shares have slipped more than 80% since August 7th from a post-split-adjusted price of $50.40 to this week’s $7.71 lows.
This post originally appeared on PennyStocks.com