AMC Entertainment Holdings, Inc. ( AMC ) shares are moving on above-average volume Monday, and the stock is up more than 40% over the past week amid a meme stock revival.

What To Know:

Keith Gill, also known as Roaring Kitty, brought meme stocks back into the spotlight last week with his return to social media. The rally cooled mid-week, but appears to be attempting a come-back Monday. 

Roundhill Investments CEO Dave Mazza spoke with Benzinga about the resurgence in meme stocks last week. 

“Time will tell if meme stocks make a meaningful comeback outside of the renewed interest in the last week. The current meme wave remains highly correlated in the original 2021 meme stocks, such as GME and AMC,” Mazza said. 

“Considering that AMC already announced plans to issue 23.3 million shares in a debt-for-equity swap, the hype may prove to be short-lived as they’re increasing supply.”

AMC is one of the top trending tickers on WallStreetBets Monday and the stock is moving on heavy trading volume. According to data from Benzinga Pro, more than 48 million shares have already been traded in the session and 18.82% of shares are being sold short. 

Related News: What’s Going On With GameStop Stock: Is Roaring Kitty Active Again?

Is AMC A Good Stock To Buy?

Wall Street analysts view AMC Entertainment Holdings ( AMC ) on the whole as a Neutral, given the history of coverage over the past three months. Alicia Reese from Wedbush in AMC is the most bearish, expecting a 33.33% fall in the stock in the coming year.

But looking at how the market as a whole thinks of the stock, you can reference historical price action for views on whether investors feel strongly about the stock one way or another. In the past 3 months, AMC Entertainment ( AMC ) fell 2.61%, which indicates that opinion soured on the business and how attractive it is to own based on either its stock price, or underlying fundamentals, like revenue, which fell 0.31% over the past year.

A complete overview of how Wall Street views individual stocks is available here, while real time updates on the latest analyst actions will be delivered via Benzinga PRO. Try it for free.

AMC Price Action: According to Benzinga Pro, AMC Entertainment ( AMC ) shares are up 0.51% at $4.42 at the time of publication Monday.

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