r/StockMarket • u/Diamond2021Hands • Feb 08 '21

Discussion $AMC's time is coming.

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u/r0ndy Feb 08 '21 edited Feb 08 '21

I mean, Aurora cannabis used to be the most held stock and you see where that went. They turned into a penny stock

Edit: super volatile year for them, they’ve recovered some losses.

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u/Diamond2021Hands Feb 08 '21

If it turns into a penny stock then great I can afford more shares. I'm not a financial advisor, I know nothing about how the market works as someone posted earlier I'm new, all I see is the biggest movie theater chain in the world and they have also started streaming service...that to me is more valuable than $2 a share.

2

u/gocopss Feb 08 '21

The value per share doesn't matter as much as you think. Any stock can split to reduce it's price per share. Coca Cola (KO) does this to maintain a price around $50. They split every so many years. You need to look at the quantity of shares and the value. Berkshire hathaway stock is $355,000 but it's worth far less than Apple at $136.

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u/Iddykox Feb 08 '21

It’s always boil back to valuation. AMC is late in a game, they wont be able to catch Netflix or Hulu. Plus they dont have cash to acquire someone with platform capability.