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AMC Entertainment Stock News and Forecast: AMC stock extends recovery rally towards $20.
$AMC Entertainment (AMC.US)$
AMC Stock finished extended its upsurge into the fourth straight trading day on Wednesday, booking a whooping 8.01% advance. In doing so, the company’s share price scaled to the highest level in nine days at $18.27, although finished a tad lower at $18.21. Bulls need to recapture the July 21 high of $18.37 to resume its bullish momentum towards the $20 mark. Global shares climbed towards the highest levels since early June, helped by US earnings and strong S&P Global and ISM Services PMI data.
AMC Stock finished extended its upsurge into the fourth straight trading day on Wednesday, booking a whooping 8.01% advance. In doing so, the company’s share price scaled to the highest level in nine days at $18.27, although finished a tad lower at $18.21. Bulls need to recapture the July 21 high of $18.37 to resume its bullish momentum towards the $20 mark. Global shares climbed towards the highest levels since early June, helped by US earnings and strong S&P Global and ISM Services PMI data.
AMC stocks price cheered the market optimism while also capitalizing on the gains in Chinese tech companies. Further, the recent bizarre rally in AMTD Digital Inc (HKD) also helped AMC build a solid recovery momentum.
While the broader market got off to a rockier start to begin the week, AMC stock was up 15.8% in the first two sessions. Now on Wednesday, AMC stock has charged ahead in the premarket, up another 3.9% to $17.51.
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