The AMC stock has been in the red since June 2021 and every slight attempt to rise has been met with a crashing price drop. It has dropped from $62 to its current price of $14.48; a 328% drop in nine months.
Investors are banking on the current diversification of AMC entertainment holdings to reinvigorate an AMC stock price surge.
To help stock traders eying to invest in the AMC shares, Invezz has created a brief article on what it is and the best places to buy the stock.
To find out more, please continue reading.
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What is AMC stock?
AMC stock is the stock of AMC Entertainment Holdings Inc., and it trades on the New York Stock Exchange under the symbol NYSE: AMC.
The AMC Entertainment Holdings, Inc. which is commonly known as just AMC Theatres, AMC Cinemas of just AMC, is an American chain of movie theaters. It is headquartered in Leawood, Kansas.
AMC was founded in 1920 and it is the largest chain of movie theatres in the world. Other renowned names in the theatre world include Regal and Cinemark Theatres.
AMC acquired Odeon Cinemas, Carmike Cinemas, and UCI Cinemas in 2016 and it currently has 358 theatres in Europe and 620 Theatres in the US.
The majority of the stake in AMC is controlled by Wanda Group, which is a Chinese conglomerate. The other shares holders with a considerable amount of AMC shares is the Private equity firm Silver Lake Partners.
Should I buy the AMC stock today?
If you want to invest in an entertainment company, then the AMC stock could be a good choice.
Nevertheless, the stock has been on a free fall for the last nine months and although investors believe it is time for a bounce-back, much is still required to propel the stock back above $62.
AMC stock price prediction
Following the continued diversification of AMC entertainment holdings investments, analysts expect the AMC stock to at least trade above $16 by the end of March.
$AMC stock social media coverage
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