AMC Bonds Hold Gains After Meme Stock Selloff: Is It A Better Bet Than Buying Shares?
Portfolio Pulse from Piero Cingari
AMC Entertainment Holdings Inc. (NYSE:AMC) has seen extreme stock volatility due to renewed interest from meme stock traders, with shares spiking and then plummeting. Meanwhile, AMC's bonds have held their gains, offering high yields but also high risks, as highlighted by S&P Global's downgrade of AMC's credit rating to 'SD' (selective default).

May 21, 2024 | 7:33 pm
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AMC Entertainment's stock experienced extreme volatility, spiking to $11.88 before falling to $4.73. Meanwhile, AMC's bonds have held their gains, but S&P Global downgraded AMC's credit rating to 'SD', indicating high risk.
The extreme volatility in AMC's stock price and the downgrade by S&P Global to 'SD' (selective default) indicate significant financial instability and high risk, likely leading to negative short-term price movements.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100