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AMC Shares become the next meme stock after GameStop, trade them at eToro


So, you've heard some fuss about something going on with people fighting against Wall Street by pushing Meme shares price up to unprecedented territory. Would you like to be a part of this? On this article, we will explain what happened and how to jump on board on one of them, AMC. Warning: This could be an insane move.

AMC Entertainment (often referred to simply as AMC) is an American movie theater chain headquartered in Kansas, and the largest movie theater chain in the world. Founded in 1920, AMC has the largest share of the U.S. theater market.

A Meme Stock becomes renowned or notorious based on its product, merit, or graphs. A significant indicator of a meme stock is if it has become a joke or is brought up frequently. They are called "Meme" because these stocks are pumped up in blogs or social media channels, where people use jokes, memes, and all sorts of content to 'support the cause' (The cause = raising the stock's price). This type of financial behaviour arrived first with Cryptocurrency trading, where Crypto chats displayed memes of rockets "Going to the Moon" or "Lambo", representing the desire to profit.

During the last days of May and first days of June, 2021, AMC gained an impressive +500%. Meme Stocks are typically chosen by younger adults invest due to their high volatility. Although their fundamentals aren't the best, people pour money into Meme Stocks because they've read it on a blog (i.e. Reddit), because they saw it on the Tele, or based on irrational financial behaviour. That's not to say that meme stocks are the worst investments out there. Some of them have good fundamentals, yet they tend to be overvalued due to people having a tendency to FOMO (Fear of Missing Out) when the stock rises and panic sell when it drops.

So, do you still want to jump on board? We'll explain how in the next paragraphs. 

Buy AMC Stock with eToro

How to Open a Trading Account to Buy AMC Entertainment Shares

Opening an investment account with an Online Broker is a process that is completed online and requires:

  1. You upload your ID or Passport and a proof of address (electricity, water bills, etc.) through the Broker's App or via email.

  2. Make sure to choose the correct base currency of the account. With some brokers, changing it once you open the account can be painful. You may open the Trading Accounts in US Dollars (USD), Euros (EUR), Pound Sterling (GBP), Swiss Franc (CHF), Australian Dollar (AUD) as the base currency. Practically all of them offer the option in US Dollars or Euros. For the record, Coinbase Shares trade in the US, so they are nominated in USD.

  3. Once the Broker has approved the account, it's time to deposit cash. The depositing and withdrawing money methods are usually Credit Cards, Bank Transfers or eWallets (PayPal, PaySafe, Skrill, SafetyPay, Neteller, among others). The available options to deposit funds will depend on each Broker. A vital fact to mention is that all of the Brokers presented above allow you to use a simulator on their platform; that is, they allow testing their Demo account, which is Free. In other words, you can open a Demo account, try the platform, and then decide whether to deposit money or not.

But I am not an Investment Banker: Is it easy to invest in AMC Shares?

Online Brokers allow investing in stocks and shares straightforwardly through optimized apps that grant easy and fast access to the US financial markets. Most platforms resemble a social network or any other phone app: They are designed so that the investor can learn and start trading very quickly, without the need for much prior knowledge. To buy shares of AMC, you have to:

  1. open a trading account as explained before,

  2. deposit money,

  3. Search for "AMC" on the Broker's Trading platform, and

  4. press the "Buy" button.

What is the minimum amount to Buy AMC Shares?

Unlike most general public thinks, the answer to this question is that many stockbrokers do not have a minimum deposit (or a tiny amount of cash), which means no minimum amount. Also, many brokers do not charge a commission to acquire American companies' shares to gain more clients.

Buy AMC Stock with eToro