Saturday, June 25, 2022

A company insider recently sold 25,000 shares of AMC Entertainment Holdings Inc. [AMC]. Should You Sale?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. AMC Entertainment Holdings Inc. shares valued at $597,625 were sold by MCDONALD JOHN D on Mar 31. At $23.91 per share, MCDONALD JOHN D sold 25,000 shares. The insider’s holdings dropped to 1,463 shares worth approximately $18433.8 following the completion of this transaction.


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Also, FRANK ELIZABETH F sold 20,000 shares, netting a total of over 598,240 in proceeds. Following the sale of shares at $29.91 each, the insider now holds 4,168 shares.

Before that, COX CHRIS A had sold 14,931 shares from its account. In a trade valued at $429,998, the SVP & CHIEF ACCOUNTING OFFICER traded AMC Entertainment Holdings Inc. shares for $28.80 each. Upon closing the transaction, the insider’s holdings decreased to 14,931 shares, worth approximately $0.19 million.

As published in a research note from Wedbush on November 04, 2021, AMC Entertainment Holdings Inc. [AMC] has been rated down from a Neutral to an Underperform and the price target has been revised to $7.50. This represents a -68.0% premium over Wednesday’s closing price. Analysts at Macquarie downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in early September. As of May 26, 2021, B. Riley Securities has decreased its “Buy” rating to a “Neutral” for AMC. Earlier on April 05, 2021, B. Riley Securities upgraded its rating. Their new recommendation was “a Buy” for AMC stock which previously was a “a Neutral”.

Analyzing AMC’s Price Performance

On Wednesday, AMC Entertainment Holdings Inc. [NYSE: AMC] rose 0.80% to $12.60. The stock’s lowest price that day was $12.37, but it reached a high of $13.22 in the same session. During the last five days, there has been a surge of approximately 5.70%. Over the course of the year, AMC Entertainment Holdings Inc. shares have dropped approximately -53.68%. Shares of the company reached a 52-week high of $34.33 on 03/29/22 and a 52-week low of $9.70 on 05/12/22. A 50-day SMA is recorded $13.93, while a 200-day SMA reached $25.05. Nevertheless, trading volume fell to 26.61 million shares from 30.36 million shares the previous day.

Support And Resistance Levels for AMC Entertainment Holdings Inc. (AMC)

According to the 24-hour chart, there is a support level at 12.24, which, if violated, would cause prices to drop to 11.88. In the upper region, resistance lies at 13.09. The next price resistance is at 13.58. RSI (Relative Strength Index) is 48.25 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.04, which suggests the price will decrease in the coming days. Percent R is at 52.22%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Which companies own the most shares of AMC Entertainment Holdings Inc. (AMC)?

According to The Vanguard Group, Inc. filings, the company currently owns 46,226,354 shares, which is about 8.94% of the total AMC shares outstanding. The investor’s shares have appreciated by 373,965 from its previous 13-F filing of 45852389.0 shares. With the completion of the sale, BlackRock Fund Advisors’s stake is now worth $481,334,490. SSgA Funds Management, Inc. acquire a 0.81% interest valued at $192.06 million while D. E. Shaw & Co. LP purchased a 6,612,718 stake. A total of 114,998 shares of AMC Entertainment Holdings Inc. were bought by Geode Capital Management LLC during the quarter, and -124,973 were sold by Northern Trust Investments, Inc. In its current portfolio, BlackRock Investment Management holds 3,024,467 shares valued at $43.37 million.

In terms of AMC Entertainment Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $5.60 in the next 12 months, down nearly -52.0% from the previous closing price of $12.50. Analysts anticipate AMC Entertainment Holdings Inc. stock to reach $11.00 by 2022, with the lowest price target being $1.00. In spite of this, 7 analysts ranked AMC Entertainment Holdings Inc. stock as an Underweight at the end of 2022. On February 01, 2021, MKM Partners assigned a price target of “a Sell” to the stock and downgraded coverage with a $1.

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