Waiting for AMC to Pop Meant Living Through Seven Corrections
(Bloomberg) — Think it was easy holding on for five months for the meme mafia to finally succeed in jacking AMC Entertainment Holdings Inc. skyward again? Seems like a breeze today. But thats not how it felt along the way.
An AMC bull saddled with the stock at the Feb. 9 low has had to endure not one, not two, but seven separate corrections of 10% or more en route to Wednesdays big revival. The selloffs had similar traits: Each was swift and violent, lasting six days on average, with losses reaching…
