With a slow box office recovery with the resurgence of coronavirus cases, it seems tough to justify that valuation. Right now, the company’s market cap of about $24 billion is far higher than at any point in its pre-pandemic history. While these numbers are pointing to a recovery, there are still many challenges ahead for the cinema operator. Revenue for the quarter was $444.7 million. Notably, it operated 593 domestic theatres representing 100% of its domestic theatres, and 335 international theatres representing approximately 95% of its international theatres. Impressively, AMC stock has enjoyed gains of over 2,000% year-to-date thanks to this.Įarlier last month, the company reported its second-quarter financials for 2021. The company has gained the backing of retail traders that have pushed the price of the stock up this year. It boasts over 900 theatres and 10,000 screens across the globe. It is also the largest movie exhibition company in the world. 4 Artificial Intelligence Stocks To Watch Right NowĪMC Entertainment is a meme stock that needs little introduction. Considering all these, do you think SKLZ stock is a top Reddit stock to buy now? Source: TD Ameritrade TOS With many games coming to Skillz coupled with strategic investments to bring real-time gaming to the platform, the upside could be tremendous if the company executes well. Through this platform, Skillz facilitates competitions between mobile gamers across the globe. The company’s platform is seamlessly integrated into several iOS and Android games. Skillz is still a young company with a lot to prove. But as we’ve seen with other meme stocks in 2021, a strong vote on the popular online forum could lead to an army of retail traders buying the stock. Certainly, one Reddit user likely can’t move Skillz stock this much individually. A Reddit user claimed that he or she had purchased $4.8 million in SKLZ stock. With no news coming out from the company, it seems that the chatter on Reddit is a possible reason for the jump. And SKLZ stock could see another rally today if the pre-market trading is of any guide. Mobile-gaming platform Skillz stock skyrocketed on Tuesday afternoon, seemingly out of nowhere. With no shortage of activity in the space now, would these Reddit stocks be top picks in the stock market now? Top Reddit Stocks To Watch In September 2021 Common characteristics of these select few stocks include frequent chatter in the subreddit r/Wallstreetbets, sudden rallies, and volatile price swings on unusually high trading volume. Retail investors are always searching for stocks to send “ to the moon”. Reddit stocks have no precise description, but they’re not hard to identify.
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