AMC Entertainment Holdings Inc was trading slightly lower on Thursday after Wedbush downgraded the stock from Neutral to Underperform and gave a 12-month price target of $7.50.
“Ultimately the majority of retail ownership will eventually cash out and move on,” analyst Alicia Reese wrote in a note. That is yet to be seen, however, as the r/amcstock community continues to grow in members as more traders appear to join the “ape” movement.
