Meme stocks AMC Entertainment Holdings Inc., GameStop Corp. and Bed Bath & Beyond Inc. have had an eventful 2022, but what can we expect from them in 2023?
AMC AMC and GameStop GME were major beneficiaries of the meme-stock buying frenzy in January 2021, which sent the struggling company’s shares skyrocketing to dizzying heights. Between January and March 2021, GameStop’s stock price rose more than 1,200% and the company’s market cap surpassed $17 billion.
“That is not the same sentiment in the market entering the New Year, especially with the market feeling less threatened by recession and inflation today,” Raju added. “In addition, the retail market has matured in 2022 with a substantial graduation effect where traders are incrementally leveraging better tools, data and education.
See: AMC should avoid ‘distractions’ like credit cards, popcorn and dive deeper into IMAX, says analyst During the interview, Aron also discussed the possibility of picking up struggling theater operators’ locations at “bargain basement prices.” AMC ended its recent third quarter with just under $895.8 million of liquidity.Partnerships also appear to be high-priority for AMC. In December the company announced a co-branded credit card with Visa Inc. V that will launch in early 2023. In November AMC announced a deal with Zoom Video Communications Inc.
$gme will catch up, complete 🗑 🚮
Please sell now!!! 😂 DRS GME 🟣
Act “Woke”, go broke.
Retail is learning how not to fight the Fed in a brutal manner. Sadly, many would go broke trying to put it to the hedge funds and smart money who are wisely short on these stocks given the fundamentals.
Cuz those stocks sucks the 🎉 party is over