Investor StrategyStockTop News

Top Robinhood Stocks AMC, Fitbit Get No Love from Analysts

1 Mins read
imageStock Markets1 hour ago (Jun 30, 2020 01:58PM ET)

(C) Reuters.

By Christiana Sciaudone — Robinhood’s merry investors might know something Wall Street doesn’t.

Shares of AMC Entertainment Holdings Inc (NYSE:AMC) and Fitbit (NYSE:FIT) Inc. have not a single buy rating among the analysts who follow them, but they are among the top 100 most popular stocks held by users of the commission-free investing platform.

AMC, the movie theater chain, is down 3.5% Tuesday, trading at $4.26, versus its high of $35.49 in 2015. AMC theaters have been closed for months as a result of the Covid-19 pandemic, and are scheduled to reopen July 30. Imperial Capital dropped its price target for AMC on Tuesday to $4 from $6, The Fly reported. AMC has eight hold ratings and three sell, according to MarketWatch. The average price target is $4.38.

Yesterday, Credit Suisse (SIX:CSGN) analyst Meghan Durkin downgraded AMC to underperform from neutral and dropped her price target to $2 from $4, according to TipRanks.

Fitbit has a similar story. Shares of the fitness device maker are little changed Tuesday, trading at $6.43 compared to a high of $47.60 soon after it went public five years ago. That’s not great news for Google (NASDAQ:GOOGL), which agreed last year to buy Fitbit for $2.1 billion, or $7.35 per share. Fitbit has six hold ratings and no buys or sells, according to MarketWatch. The average price target is $7.35.

Top Robinhood Stocks AMC, Fitbit Get No Love from Analysts

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Related posts
Market OverviewTop News

Education Secretary wants U.S. schools open, offers no safety plan

2 Mins read
World18 minutes ago (Jul 12, 2020 10:40AM ET) (C) Reuters. FILE PHOTO: Education Secretary Devos attends signing ceremony at the White House…
Market OverviewTop News

Foreign doctors' hopes for fast-track pandemic licenses in Canada fading

2 Mins read
World3 minutes ago (Jul 12, 2020 10:55AM ET) (C) Reuters. Medical staff assess for COVID-19 at public Victoria Health Unit, BC By…
Market OverviewTop News

Canada's cautious school reopening plans leave moms in the lurch

3 Mins read
World43 minutes ago (Jul 12, 2020 10:15AM ET) 2/2 (C) Reuters. FILE PHOTO: A school bus arrives carrying one student as schools…
Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Leave a Reply

Your email address will not be published. Required fields are marked *