share_log

Why AMC Shares Are Getting Hammered Today

Benzinga Real-time News ·  Jul 7, 2021 10:29

AMC Entertainment Inc (NYSE:AMC) shares are trading lower by 10.47% at $44.73 Wednesday morning amid possible profit-taking following recent retail-driven strength in the stock.

According to data from Swaggy Stocks, AMC is the sixth most-mentioned ticker on the popular subreddit WallStreetBets.

AMC represents a total of 5% of all comment volume on WallStreetBets at press time.

See Also: Unprofitable Companies Are Flooding The Market With Stock Offerings: What Does It Mean?

AMC owns, operates or has interests in theatres. As of March 12, 2021, AMC operated approximately 1000 theatres and 10,700 screens in the United States and internationally. The company was founded in 1920 and is headquartered in Leawood, Kansas.

AMC has a 52-week high of $72.62 and a 52-week low of $1.91.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment