AMC Stock Forecast: Stock underperforms even with Spider-man’s record breaking opening. Will it bounce back?

AMC Stock Forecast: Stock underperforms even with Spider-man’s record breaking opening. Will it bounce back?

Cryptocurrency Uncategorized
December 28, 2021 by Kitty Stone
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AMC Stock Forecast: – Shares of AMC Entertainment Holdings Inc (NYSE: AMC) are expected to trade between $ 24.97 and $ 29.73 in the next 24 hours. The Overall recommendation for the next 24 hours is Sell 0 out of the 5 Momentum Indicators are positive 5 out of the 5 Momentum Indicators are Negative

AMC Stock Forecast: – Shares of AMC Entertainment Holdings Inc (NYSE: AMC) are expected to trade between $ 24.97 and $ 29.73 in the next 24 hours. The Overall recommendation for the next 24 hours is Sell

0 out of the 5 Momentum Indicators are positive

5 out of the 5 Momentum Indicators are Negative

2 analysts

AMC Entertainment Holdings Inc (NYSE:AMC): Latest Price

AMC is trading 3.08 lower at $ 27.815 in the current trading session

Metric
Value
Trend
Share Volume
18.5 M
Lower
Average Share Volume
6.7 M
Higher
Forward PE (1 Year)
-10.75
Lower
AMC Stock Forecast

AMC Stock Forecast: Performance Chart

1 day
5 days
1 month
1 Year
-2.61%
-4.51%
-24.13%
+1069.46%

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AMC Stock Forecast: Momentum Summary

Momentum Indicator
Indicator Trend
Price
Lower
Technical
Sell
Social Media Sentiment
Negative
Volume
Lower
Performance vs NASDAQ
Lower

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AMC Stock Forecast: Technical Analysis

Support
Resistance
Recommendation
$ 24.97 (S3)
$29.73 (R1)
Sell
$ 24.96 (S3)
$ 29.72 (R1)
Sell

🔥 URGENT! THIS WILL CAUSE MOASS! 🔥 – AMC Stock Short Squeeze Update

AMC Negative Momentum Shills EXPOSED – We’re BULLISH! (TA)

AMC Stock Forecast: Latest News and Tweets

#OPTIONSBULLY on Twitter: “$AMC #INTHISMFERCOLLECTED 73.5% WIDTH OF STRIKE..BASICALLY ON ACCIDENTI ASKED FOR $140/SPREAD..THEY GAVE ME $147 PERPREMIUM IS RIDICULOUS IN THIS NAME RELATIVE TO WHAT U CAN COLLECT IN OTHER NAMES. NOW WITH A MEME STOCK U NEED THAT EXTRA AS IT’S HARDER TO CASH OUT pic.twitter.com/Ap7l5WOtBW / Twitter”

AMC #INTHISMFERCOLLECTED 73.5% WIDTH OF STRIKE..BASICALLY ON ACCIDENTI ASKED FOR $140/SPREAD..THEY GAVE ME $147 PERPREMIUM IS RIDICULOUS IN THIS NAME RELATIVE TO WHAT U CAN COLLECT IN OTHER NAMES. NOW WITH A MEME STOCK U NEED THAT EXTRA AS IT’S HARDER TO CASH OUT pic.twitter.com/Ap7l5WOtBW

‘Spider-man: No Way Home’ opens with $50 mln at domestic box offices

3 Reasons AMC Stock Is Falling for the 4th Consecutive Month

AMC Entertainment CEO Adam Aron Talks Transformation: Here’s Why The Stock Could Go Ape Heading Into 2022

AMC Stock Forecast: Social Media Sentiment

Social Media Sentiment Period
Positive Sentiment
Negative Sentiment
Sentiment
Last 7 days
14.4%
20.1%
Negative
Last 24 hours
12.4%
20.5%
Negative

AMC Stock Forecast: Latest Videos

AMC Stock Update – How Santa Rally Will Affect The Stock

An Unusual Last Year for AMC Entertainment

  • March 2020 set the world rocking negatively impacting all the major industries, but cinema and entertainment industries were worst affected with AMC not being out of mix and forcing them to shut all their theaters and giving all their employees forced leave.
  • But, AMC has seen a turnaround since start of this year and has given more than 1200 percent return. However, this rally is not backed by financials and is claimed to be another crazy trading by reddit traders for meme stock.
  • AMC Entertainment rode the wave of “meme stock” trading on 2nd June and stock spiked to all time high of $72.62, a breathtaking upside from $2 price on 4th January 2021.
  • AMC reported it has sold 8.5 million newly issued shares to Mudrick Capitals, a favorite of reddit traders and that fueled frenzy trading in the stock. The company raised $230.5 million through the sale, and plans to use that capital to upgrade theaters and deleverage its balance sheet.
  • The company launched a program called AMC investors connect in early June that is specifically designed to turn shareholders into customers, thereby taking benefits from unseen rally.

CEO Sells Shares to Plan Retirement

  • AMC CEO Adam Aron sold 625,000 shares on Tuesday, and plans to sell shares of this much quantum in near future under a selling program filed with Securities and Exchange commission. The sale is part of executive estate planning.
  • The shares were sold at an average price of $40.53, at a valuation of $25 million. AMC shares reacted to news and fell 4 percent on Wednesday to close at $38.29.
  • The filings with Exchange gave Aron the right to sell the stake of 1.25 million shares over the coming days or weeks. Aron currently holds           400,000 shares of unrestricted shares and 3.3 million shares of unvested restricted stocks and he needs to wait for some time so that restricted stocks vests to complete the sale of 1.25 million shares.
  • Aron turned 67 this year and is reported saying that prudent planning suggests he should diversify his assets fearing potentially soaring capital gains tax rates by Congress and significant changes to what can be passed to one’s heir.

Q3 Earnings Beat Estimates and Crypto Payments Starts for AMC

  • During the third quarter, the company saw revenue rose to $425.1 million from $62.9 million in the year ago period and food and beverage sale also surged to $265 million from $29 million in a year ago period.
  • Diluted EPS stands at -0.44 per share and as operating costs outpaced its revenue, company posted a loss of $224 million for the quarter.
  • Good news is that AMC theaters have joined the crypto bandwagon and company’s customers can do online payment via Bitcoin, Ether, Bitcoin Cash and Litecoin and Dogecoin is expected to be next cryptocurrency to be added in the pipeline. 

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Writer: Vineet Agarwal

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Stocks. Please consult a registered investment advisor to guide you on your financial decisions. 

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