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September Sell-Off: Is AMC Safe?

September Sell-Off: Is AMC Safe?

On Monday, the S&P 500 suffered its biggest one-day plunge since May as the downdraft sent most stocks tumbling lower. Interestingly, battleground stock AMC Entertainment (NYSE: AMC) performed much worse than the market by dropping 9% when the broader market was down just 2%. This is because the theater operator's stock price has been inflated far beyond a fair representation of its business fundamentals.