Once Again, Investors Push AMC Entertainment Stock

AMC Entertainment stock(NYSE: AMC) back up 10 percent from yesterday's six percent drop

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Short Analysis

AMC closes in on its all time high of $72.62 in early June. At close today, AMC rocked a ten percent increase. However, interest in shorting has remained high, leaving investors wary of continued growth and return to its all time high. Despite much negative outlook on the stock, AMC appears to have enjoyed its summer season as of now, beginning the impressive kickoff from Memorial Day weekend. With recent fluctuations from around $40-60, there seems to be no room for chances of buying AMC lower than $40. Whilst shareholders may see a bright future ahead, buyers may need to express interest immediately, before AMC is blessed with another kickoff.

Shareholders' News

Due to a number of uncertainties surrounding AMC Entertainment Holdings, Inc., the AMC stock may not enjoy its stay in the forties and beyond. With AMC's CEO proposing to sell 25 million more shares, dilution will be a major outcome. In addition, the newly set annual meeting with stockholders on July 29 will have an extremely unpredictable future. Even so, AMC is popular on Reddit online forums, and its own CEO has a reportedly close relationship with his investors, using social media as a platform to engage in such a relationship. For now, AMC will most likely avoid any unprecedented plunges for reasons other than the Fed's proposal to increase interest rates soon. Meanwhile, as late July approaches, it may be wise to sell most, if not all, holdings of AMC to avoid major risks.

Buyers' News

Given the recent fluctuations, there seems to be no room for any price below $40. The greatest price to sell may well be in the 60s, meaning at around 50% gain at most, before taxes. Whether or not you find this gain appealing, there are other stocks with better openings, such as BlackBerry and other stocks that are only poised to grow. If the price were to fall below $40, AMC may be foreshadowing further plunges, possibly due to dilutions, disappointing earning records, and interest rates, as fore mentioned. Therefore, it would be wise to either avoid buying or buy & sell early.