On Wednesday, AMC Entertainment Holdings Inc. (NYSE:AMC)announced that it had purchased a significant share in National CineMedia Inc., a cinema advertising network operator.

The shares of National CineMedia soared as high as 21.4% intraday before retreating to a morning gain of 6.1 percent. Since closing at a record low of $1.42 on Friday and Thursday, it has risen 8.5 percent over a three-day winning run.

AMC’s stock, at current prices, are worth around $9.2 million. During the last year, the stock of National CineMedia has dropped by 66.3 percent, while the stock of AMC has fallen by 1.1 percent, and the S&P 500 index SPX, +0.01 percent, has down by 2.9%

Investors may not be surprised to learn that AMC has invested in a cinema advertising firm, particularly in light of the company’s stake in gold and silver miner Hycroft Mining Holding Corp. HYMC, -8.03 percent disclosed only two months ago.

The miner’s shares ended at a record low of 29 cents only days before the Hycroft transaction was revealed. On Wednesday morning, it was trading at $1.33, down 0.8 percent from Tuesday’s close of $1.34.

Will AMC’s shares drop further, or is there a chance for recovery? It’s not certain. However, these underperforming stocks can track value investors

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