Reported about 19 hours ago
Jim Cramer recently characterized AMC Entertainment Holdings Inc. (AMC) as a 'professional meme stock' due to its volatility and popularity-driven trading, particularly during the pandemic. Despite a significant loss of 26% year-to-date following a strong May performance, Cramer highlighted AMC's high debt levels and advised caution to investors, suggesting they should have reorganized by now given their financial struggles.
Source: YAHOO