Taking this into account, B. Riley Securities reiterated its AMC Entertainment Holdings Inc [AMC] rating to a Neutral in a research note published on February 29, 2024; the price target was $8. A number of analysts have revised their coverage, including Citigroup’s analysts, who remained covering the stock and in late September has reiterated a ‘”a Sell”‘ rating for it. Wedbush also remained covering AMC and has increased its forecast on August 24, 2023 with a “Neutral” recommendation from previously “an Underperform” rating.
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Price Performance Review of AMC
On Tuesday, AMC Entertainment Holdings Inc [NYSE:AMC] saw its stock jump 1.56% to $4.56. Over the last five days, the stock has gained 3.87%. AMC Entertainment Holdings Inc shares have fallen nearly -25.49% since the year began. Nevertheless, the stocks have fallen -43.07% over the past one year. While a 52-week high of $11.88 was reached on 05/14/24, a 52-week low of $2.38 was recorded on 04/16/24. SMA at 50 days reached $4.49, while 200 days put it at $4.44.
Levels Of Support And Resistance For AMC Stock
The 24-hour chart illustrates a support level at 4.35, which if violated will result in even more drops to 4.14. On the upside, there is a resistance level at 4.72. A further resistance level may holdings at 4.88. The Relative Strength Index (RSI) on the 14-day chart is 55.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.50%. Stochastics %K at 43.75% 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 2024-10-31, dropping by -8.57 million shares to a total of 48.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 57.18 million shares. There was a decline of -17.62%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 03, 2023 when B. Riley Securities resumed its ‘”a Neutral”‘ rating for the stock and retained the price target to $4.50.
