AMC Entertainment Holdings Inc [AMC] Insider Activity: An Update for Investors

In a filing, AMC Entertainment Holdings Inc revealed its 10% Owner Antara Capital LP unloaded Company’s shares for reported $13.82 million on Jun 28. In the deal valued at $1.73 per share,7,993,400 shares were sold. As a result of this transaction, Antara Capital LP now holds 93,911,906 shares worth roughly $411.33 million.

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Then, Antara Capital LP sold 3,573,030 shares, generating $6,395,362 in total proceeds. Upon selling the shares at $1.79, the 10% Owner now owns 101,905,306 shares.

Before that, Antara Capital LP sold 2,371,887 shares. AMC Entertainment Holdings Inc shares valued at $4,245,678 were divested by the 10% Owner at a price of $1.79 per share. As a result of the transaction, Antara Capital LP now holds 105,478,336 shares, worth roughly $462.0 million.

Citigroup reiterated its AMC Entertainment Holdings Inc [AMC] rating to a Sell in a research note published on September 26, 2023; the price target was $4.75.

Price Performance Review of AMC

On Friday, AMC Entertainment Holdings Inc [NYSE:AMC] saw its stock jump 7.09% to $4.38. Over the last five days, the stock has gained 9.23%. AMC Entertainment Holdings Inc shares have fallen nearly -28.43% since the year began. Nevertheless, the stocks have fallen -91.32% over the past one year. While a 52-week high of $75.26 was reached on 01/02/24, a 52-week low of $3.59 was recorded on 02/06/24. SMA at 50 days reached $5.44, while 200 days put it at $23.84. A total of 19.57 million shares were traded, compared to the trading of 10.76 million shares in the previous session.

Levels Of Support And Resistance For AMC Stock

The 24-hour chart illustrates a support level at 4.16, which if violated will result in even more drops to 3.94. On the upside, there is a resistance level at 4.55. A further resistance level may holdings at 4.71. The Relative Strength Index (RSI) on the 14-day chart is 45.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 29.96%. Stochastics %K at 46.75% indicates the stock is a holding.

How much short interest is there in AMC Entertainment Holdings Inc?

A steep rise in short interest was recorded in AMC Entertainment Holdings Inc stocks on Jan 31, 2024, growing by 5.34 million shares to a total of 28.62 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2023 was 23.28 million shares. There was a rise of 18.66%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 11.57% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.89.

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