Starting from $45.84 on September 9, AMC Entertainment (AMC) stock was increasing until it reached $52.75 on September 13, which is the highest one during the last 5 days. After this peak, it started to fall down and reached $47.32 for today. The market capitalization of AMC is $24.281 billion while the total volume is more than 65,414,705 shares. Starting from this year, the shares of AMC Entertainment Holdings increased by more than 2,266%. Among 8200 securities, which is listing on Finviz, AMC has doubled.
However, since the end of January, there was some fracas within AMC because the short-sellers were betting that the company will apply for protection from bankruptcy. However, the company was able to survive by selling the shares and by releasing high-interest debt which was so unexpected to the short-sellers. And during the several days, the shares of the company has jumped from $2 till $20. Since the vaccination is helping, it might be implied that it will have a good impact on the company.
Finance and Entertainment Reporter
Richard is a bottle of wine – the older the sweeter. He has already found the sweetest hobby in writing entertainment and finance news for Own Snap. Readers get the updated posts regularly from him searching for real-time news.