With few looking to buy AMC stock, and many looking to unload? It wonвЂ™t take long for shares to head back to a price more in line with its underlying value. A modest pullback to $30 per share may not be enough to scare those still holding it with вЂњdiamond hands.вЂќ What if it crosses below the $30 mark, and back into the $20 to $30 per share range, though?ДЄt those prices, panic could set it in, and the so-called Ape army could really start to make a retreat. How so? If thereвЂ™s a flight out of risky assets and into safe harbors like cash and defensive stocks, more speculative plays - like meme stocks - are going to see downward pressure. But a full-on stock market correction may just do the trick. Company-specific factors may not convince meme traders still holding them to cash out. Yet donвЂ™t expect this odd quirk that has helped AMC stock and GME stock hold steady to last. This is despite both names remaining near the top of stocks most talked about on the r/WallStreetBets subreddit. In other words, other stocks that have are popular with Reddit traders, like Clover Health (NASDAQ: CLOV), and ContextLogic (NASDAQ: WISH), have both moved lower on company-specific issues. Why the Ape Army Will Soon Retreat From AMC StockДЄMC Entertainment, along with the other meme stock, GameStop (NYSE: GME), have managed so far to avoid getting sunk down by their fundamentals. Once they make their exit? Shares will likely make a tremendous drop (around 84%), to a price more in line with its underlying value. With the shift from a bull to a bear market, many from the вЂњApe ArmyвЂќ of Reddit retail traders still holding this will be running scared. Instead, Federal Reserve tapering, high inflation, rising bond yields, and slowing economic growth will likely send markets as a whole lower in the months ahead.

Amc share price