Why AMC Entertainment Stock Could Go Ape as It Nears Breakout

Why AMC Entertainment Stock Could Go Ape as It Nears Breakout
An AMC theater sign at a nearly empty parking lot for the theater in Londonderry, N.H., on May 14, 2020. Charles Krupa/AP Photo
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Retail traders ‘hodling’ AMC Entertainment Holdings Inc. stock celebrated in a number of subreddits on Monday after a 7-foot-tall statue of Harambe was positioned facing Wall Street’s charging bull. The statue, depicting a 17-year-old gorilla who died in 2016, was installed by Sapien.Network to represent wealth disparity.

Investors of AMC and GameStop Corporation have been diamond handing and accumulating shares of the stocks since, at least, the end of 2020. Their mission is to fight for increased fairness and transparency on Wall Street.