He referred to the stocks as “zombies,” implying that the companies could potentially need to file for bankruptcy. Trainer noted concerns about the amount of cash the three firms are burning through to try to stay competitive. It’s the stock picker’s equivalent of bidding $1 on an over-hyped “The Price is Right” Showcase Showdown. Many potential moviegoers are now opting to stay home and watch the latest releases on streaming platforms.Īnother analyst has outdone Chukumba and Handler when it comes to doom and gloom.ĭavid Trainer, CEO of New Constructs, an investment research firm, has $0 price targets on GameStop, DoorDash and electric vehicle maker Rivian. (AMC), citing concerns about the company’s valuation and doubts about the broader comeback for Hollywood at the box office. Bed Bath & Beyond shares tank on reports that suppliers have halted product shipmentsīed Bath & Beyond isn’t the only meme stock that’s come under more intense scrutiny as of late.Įric Handler of MKM Partners has a $1 target on movie theater chain AMC
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