Meme stock investors are learning that hype alone can't keep a stock at stratospheric levels forever.
Returning to profitability and using the proceeds to pay down debt could boost investor confidence in AMC.
Shares of AMC Entertainment (NYSE: AMC) were rising 5.5% higher at 10:57 a.m. Wednesday on no company-specific news. It comes after Disney's latest entry in the Toy Story franchise -- Lightyear -- failed to live up to expectations. A Wall Street analyst also lowered his price target on the stock yesterday, saying rampant inflation and rising gas prices were altering consumer spending priorities.