AMC’s Summer Blockbuster - A Stock Drop, A Rare Warning, and A Dire Prediction

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 3 June 2021

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

Shares of the movie theater chain going on another wild ride today, as the company raised another $587m in equity, but warned about the recent volatility in the stock. We’re joined by Rich Greenfield, the LightShed partners analyst who says shares are going to $0.01, to talk about how he justifies his price target.

Transcript

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0:00.0	Live from the Nasdaq Market
0:03.0	site overlooking New York City's
0:04.0	Times Square.
0:05.0	This is Fast Money.
0:06.0	I'm Alyssa Lee,
0:07.0	tonight's straighter lineup.
0:08.0	Guy Dami, Dan Nath,
0:09.0	and Karen Feinerman,
0:10.0	and Tim Seymour,
0:11.0	tonight on Fast and Man
0:12.0	with a penny price start on
0:13.0	AMC.
0:14.0	Light Shed Partners,
0:15.0	Rich Greenfield is with us,
0:16.0	why he's sticking by his call
0:18.0	that AMC is headed to a penny
0:20.0	a share.
0:21.0	Plus, we're all over the
0:22.0	after-resaction shares of
0:23.0	Lululemon, CrowdStrike,
0:24.0	and DocuSign, all three stocks
0:26.0	on the move right now,
	...

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