Monday, April 22, 2024 1:11:23 PM
What's Going On With AMC Entertainment Stock?
BENZINGA 1:01 PM ET 4/22/2024
Symbol Last Price Change
AMC 3.355up +0.195 (+6.1709%)
QUOTES AS OF 01:09:31 PM ET 04/22/2024
AMC Entertainment Holdings, Inc. (AMC) shares are trading higher Monday, and the stock is up more than 38% over the past five days. Here's a look at what's going on.
What To Know:
AMC shares continue their recent rally on Monday in spite of a lack of company specific news. Last Thursday, Wedbush analyst Alicia Reese maintained a Neutral rating on AMC Entertainment(AMC) and lowered the price target from $6 to $4, citing the company’s heavy debt load overshadowing positives including improving box office trends.
CEO Adam Aron, one of the largest AMC shareholders with over 2 million shares, pledged his support of shareholders in a post on the social media platform X on April 5.
"Other than to fund mandatory federal and state income tax withholdings, I have not sold even one AMC share since January of 2022. I ride with you," Aron posted.
AMC is expected to report earnings in early May, although a date has not yet been confirmed by the company. According to data from Benzinga Pro, analysts expect the company to report losses of 82 cents per share and quarterly revenue of $839.602 million.
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Will AMC Stock Go Up?
When trying to assess whether or not AMC Entertainment(AMC) will trade higher from current levels, it's a good idea to take a look at analyst forecasts.
Wall Street analysts have an average 12-month price target of $5 on AMC. The Street high target is currently at $6 and the Street low target is $4. Of all the analysts covering AMC Entertainment(AMC), no one has positive ratings, 2 have neutral ratings and no one has negative ratings.
In the last month, one analyst has adjusted price targets. Here's a look at recent price target changes [Analyst Ratings]. Benzinga also tracks Wall Street's most accurate analysts. Check out how analysts covering AMC Entertainment Holdings(AMC) have performed in recent history.
Stocks don't move in a straight line. The average stock market return is approximately 10% per year. AMC is 93.05% down year-to-date. The average analyst price target suggests the stock could have further upside ahead.
For a broad overview of everything you need to know about AMC Entertainment Holdings(AMC), visit here. If you want to go above and beyond, there's no better tool to help you do just that than Benzinga Pro. Start your free trial today.
AMC Price Action: According to Benzinga Pro, AMC Entertainment(AMC) shares are up 8.39% at $3.42 at the time of publication Monday.
Recent AMC News
- Alphabet CEO’s Billion-Dollar Wealth, Microsoft’s $1.7B Indonesia Investment, and More News • IH Market News • 04/30/2024 11:58:40 AM
- AMC Entertainment Holdings, Inc. Previews First Quarter 2024 Preliminary Results and Announces First Quarter 2024 Earnings Webcast • Business Wire • 04/26/2024 08:15:00 PM
- United Shares Surge 5.3% in Q1 2024 Earnings Beat; Take-Two Cuts 5% of Workforce, and More News • IH Market News • 04/17/2024 10:57:39 AM
- Walgreens Slashes Annual Profit Forecast; MillerKnoll Nosedives 17% on Bleak 4Q Outlook, and Latest News • IH Market News • 03/28/2024 01:48:04 PM
- Amcor announces CEO transition and reaffirms fiscal 2024 outlook • PR Newswire (US) • 03/19/2024 08:15:00 PM
- Zoom Rooms at AMC Is Now Live at Several AMC Locations Across the Country as AMC Theatres® and Zoom Redefine Interactive Business Meetings and Hybrid Events • Business Wire • 03/14/2024 10:45:00 AM
- AMC Entertainment Holdings, Inc. Provides Settlement Notice • Business Wire • 03/12/2024 08:30:00 PM
- AMC Significantly Expands the Availability of its Popular Grocery Store Popcorn Through the Addition of Publix and Kroger Stores, and Amazon.com • Business Wire • 03/11/2024 05:09:00 PM
- AMC Entertainment Holdings, Inc. Board of Directors Elects Sonia Jain to Serve as a Director of the Company, Effective March 1, 2024 • Business Wire • 03/01/2024 11:45:00 AM
- Snowflake Stock Plummets 20.3% After CEO Transition; C3.ai, Okta, and Duolingo Surge Post-Strong Quarterly Reports, and More • IH Market News • 02/29/2024 11:09:45 AM
- AMC Entertainment Holdings, Inc. Reports Fourth Quarter and Full Year 2023 Results • Business Wire • 02/28/2024 09:15:00 PM
- AMC Entertainment Holdings, Inc. to Announce Fourth Quarter and Full Year 2023 Results and Host Earnings Webcast • Business Wire • 02/05/2024 09:15:00 PM
- KISS THE FUTURE – The Critically Acclaimed Documentary About a Creative Community Amid the Siege of Sarajevo, the Resilience of Its People Through Art and Music and the Tale of a Post-war Concert by U2 – to Receive a Theatrical Run Exclusively at AMC • Business Wire • 01/31/2024 07:00:00 PM
- "Forty-Seven Days With Jesus", Starring The Chosen's Yoshi Barrigas & Catherine Lidstone, Coming To Over 800 Theaters In A Special Three-Day Fathom Event • PR Newswire (US) • 01/30/2024 09:45:00 PM
- This Friday Is National Popcorn Day, and AMC Theatres® Is Celebrating With Unlimited Popcorn Refill Deals and Unique Popcorn-Themed Merch Available in Theatres and Online • Business Wire • 01/17/2024 01:00:00 PM
- Wall Street Highlights: Tesla Cuts Prices in Germany, Interactive Brokers Increases Revenue by 17%, and More • IH Market News • 01/17/2024 11:33:30 AM
- Wall Street Highlights: HPE and Juniper Networks in Negotiations, Elliott Invests $1 Billion in Match Group, and More • IH Market News • 01/09/2024 11:12:25 AM
- TAYLOR SWIFT | THE ERAS TOUR Concert Film Is Now the Highest Grossing Theatrical Release in History Among Concert and Documentary Films • Business Wire • 01/08/2024 12:12:00 AM
- Wall Street Highlights: Google Rejects Union Negotiations, Exxon Mobil Announces $2.5 Billion Accounting Write-Down in California • IH Market News • 01/05/2024 11:14:00 AM
- Meta CEO Sells $428 Million in Shares Since November, AMC Hits New Record Low, and More • IH Market News • 01/04/2024 09:51:01 AM
- Going to the Movies Just Got Sweeter – AMC Theatres® Launches Its Own Line of Premium Gourmet Candies: AMC Cinema SweetsTM • Business Wire • 12/20/2023 01:00:00 PM
- The Met: Live in HD 2023-24 season continues with live transmission of Verdi's Nabucco on Saturday, January 6, presented by Fathom Events • PR Newswire (US) • 12/13/2023 05:40:00 PM
- Cal-Maine Avian Flu Outbreak Impact, Amgen Hikes Dividend For Twelfth Year, and Latest Updates • IH Market News • 12/13/2023 11:30:07 AM
- AMC Entertainment Holdings, Inc. Successfully Completes $350 Million At-The-Market Equity Offering and Reduces Debt by $62 Million, Bolstering Liquidity and Strengthening the Balance Sheet • Business Wire • 12/11/2023 10:34:00 PM
- The Met: Live in HD 2023-24 season continues with live transmission of Daniel Catán's 1996 opera Florencia en el Amazonas, the first Spanish-language opera at the Met in nearly a century, on Saturday, December 9, presented by Fathom Events • PR Newswire (US) • 12/05/2023 04:02:00 PM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM