$AMC stock struggles to make headway as retail runs out of steam
hen we take into account some surprisingly hawkish commentary from Fed chief Powell on Monday, who put extra rate rises back on the table and the possibility of a 50 basis point hike also in play. This led to a swift dump in bonds, which as a result saw bond yields rise .
The last financial statements show AMC has a large pile of cash, over $1 billion but an even larger pile of debtAMC Stock Forecast: A classic downtrendand see AMC stock struggling for gains once the latest growth rally peters out. above to show where AMC stock has come from. Trading sub-$10 does not look that much of a stretch given past AMC stock price action.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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