5 Pump and Dump Stocks Hedge Funds Like

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1. AMC Entertainment Holdings, Inc. (NYSE:AMC)

Number of Hedge Fund Holders: 17 

52-Week Price Range ($): 5.05 – 34.94

AMC Entertainment Holdings, Inc. (NYSE:AMC) engages in the theatrical exhibition business. On November 7, AMC Entertainment stated that it plans to launch Zoom Rooms at movie theaters in up to 17 US cities serving businesses with in-person events and meetings. The partnership with Zoom will begin in 2023. 

On November 6, Citi analyst Jason Bazinet maintained a Sell rating on AMC Entertainment Holdings, Inc. (NYSE:AMA) stock and lowered the price target to $1.20 from $3.13, highlighting that the estimates are updated to reflect the latest US box office trends as well as latest debt refinancing.  

At the end of the second quarter of 2022, 17 hedge funds in the database of Insider Monkey held stakes worth $21.98 million in AMC Entertainment Holdings, Inc. (NYSE:AMC), compared to 18 in the preceding quarter worth $120.6 million. 

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