- Communications services stocks as a sector eked out a gain for the week, with the XLC Select Sector SPDR Fund rising fractionally – and those that did best seemed somewhat unmoored from fundamentals.
- Looking at small-cap or larger stocks (minimum $300M market capitalization), far and away the sector’s top gainer was “meme stock” favorite AMC Entertainment (NYSE:AMC), which ended the week 81% higher
, bringing it around a $25B market cap.
- That meant the stock ended up worth just short of 10 times…
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