Is AMC Stock Ready To Fly To $15 In April?

AMC Entertainment’s Holdings Inc (NYSE: AMC) road looks bumpy despite almost 98% of its locations reopening from pandemic shutdowns.

It is likely that movie theatre demand will not return to pre-pandemic levels any soon, and the stock has a wild ride this year. As normalcy resumes, people will want to engage in social activities after spending much time indoors, but they will prefer outdoor activities where they can meet people instead of theatres.

The company had 103 million shares at the end of 2019, and after the pandemic hit, it started sinking and had to pump cash into the business to survive. At the end of Q3 2020, AMC held 107.7 million shares and has not stopped since. Interestingly investors are aware of the dilution and what it does to their holding. AMC has raised 44.4 million shares by debt conversion and 300 million new shares. This dilution is risky, and for investors owning AMC stock, their holding is much lower now than when they bought in. For now, AMC stock looks at risk, and it is worth keeping an eye on.

Uson Abdilazhanov

Editor and Computer ExpertA hardcore tech enthusiast and computer expert Uson Abdilazhanov who holds a degree in communications started writing in his personal blogs since 2012. That time he was interested in the technical part of the computer. But now the software aspect plays an important role in his career. Currently, he runs a PC building and repairing shop which helps a lot of designers and gamers who always like to try new things.

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