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 $300,000 were sold by COX CHRIS A on Aug 08. At $25.00 per share, COX CHRIS A sold 12,000 shares. The insider’s holdings dropped to 1,250 shares worth approximately $9812.5 following the completion of this transaction.
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Also, MCDONALD JOHN D sold 25,000 shares, netting a total of over 597,625 in proceeds. Following the sale of shares at $23.91 each, the insider now holds 1,463 shares.
Before that, FRANK ELIZABETH F had sold 20,000 shares from its account. In a trade valued at $598,240, the EVP & CHIEF CONTENT OFFICER traded AMC Entertainment Holdings Inc. shares for $29.91 each. Upon closing the transaction, the insider’s holdings decreased to 20,000 shares, worth approximately $32718.8.
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 -4.67% premium over Thursday’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 Thursday, AMC Entertainment Holdings Inc. [NYSE: AMC] plunged -8.72% to $7.85. The stock’s lowest price that day was $7.73, but it reached a high of $8.66 in the same session. During the last five days, there has been a drop of approximately -20.55%. Over the course of the year, AMC Entertainment Holdings Inc. shares have dropped approximately -53.02%. Shares of the company reached a 52-week high of $34.33 on 03/29/22 and a 52-week low of $7.73 on 09/22/22. A 50-day SMA is recorded $14.33, while a 200-day SMA reached $16.95. Nevertheless, trading volume fell to 26.71 million shares from 20.21 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 7.50, which, if violated, would cause prices to drop to 7.15. In the upper region, resistance lies at 8.43. The next price resistance is at 9.01. RSI (Relative Strength Index) is 35.98 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.68, which suggests the price will decrease in the coming days. Percent R is at 96.03%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is AMC Entertainment Holdings Inc. subject to short interest?
Stocks of AMC Entertainment Holdings Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -16.85 million shares to 96.16 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 113.01 million shares. A decline of -17.52% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.45 of the overall float, the days-to-cover ratio (short ratio) decline to 2.45.
Which companies own the most shares of AMC Entertainment Holdings Inc. (AMC)?
According to The Vanguard Group, Inc. filings, the company currently owns 46,550,791 shares, which is about 9.01% of the total AMC shares outstanding. The investor’s shares have appreciated by 324,437 from its previous 13-F filing of 46226354.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $169,250,428. SSgA Funds Management, Inc. reduced a -23.37% interest valued at $93.6 million while Geode Capital Management LLC sold a -2,502,929 stake. A total of 75,575 shares of AMC Entertainment Holdings Inc. were sold by BlackRock Investment Management during the quarter, and -2,651,265 were sold by Northern Trust Investments, Inc.. In its current portfolio, Millennium Management LLC holds 2,824,206 shares valued at $25.76 million.
In terms of AMC Entertainment Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $2.84 in the next 12 months, down nearly -70.12% from the previous closing price of $8.60. Analysts anticipate AMC Entertainment Holdings Inc. stock to reach $6.76 by 2022, with the lowest price target being $0.50. In spite of this, 8 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.