(VIANEWS) – Shares of AMC (NYSE: AMC) slid by a staggering 30.16% in 21 sessions from $6.1 at 2023-03-02, to $4.26 at 13:44 EST on Friday, after two successive sessions in a row of gains. NYSE is dropping 1.44% to $14,617.43, following the last session’s upward trend.
AMC’s last close was $4.39, 87.21% below its 52-week high of $34.33.
About AMC
AMC Entertainment Holdings, Inc., through its subsidiaries, engages in the theatrical exhibition business. The company owns, operates, or has interests in theatres in the United States and Europe. As of March 1, 2022, it operated approximately 950 theatres and 10,600 screens. The company was founded in 1920 and is headquartered in Leawood, Kansas.
Earnings Per Share
As for profitability, AMC has a trailing twelve months EPS of $-39.152.
Growth Estimates Quarters
The company’s growth estimates for the present quarter and the next is 30.8% and 75.4%, respectively.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, AMC’s stock is considered to be overbought (>=80).
Previous days news about AMC (AMC)
- AMC entertainment stock news: shareholders approve share sale, AMC tanks 14%. According to FXStreet on Wednesday, 15 March, "Tuesday’s agreement likely opens the door for AMC to convert its APE units, which currently represent 1/100th of an AMC preferred share, to be converted into AMC common stock.", "This has been a sticking point for many AMC Apes who flooded into the cinema stock in January 2021 and do not want to see their shares diluted. "
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