AMC Stock Bearish Momentum With A 29% Drop In The Last 21 Sessions

(VIANEWS) – Shares of AMC (NYSE: AMC) dropped by a staggering 29.44% in 21 sessions from $6.26 at 2023-03-06, to $4.42 at 11:44 EST on Tuesday, after two sequential sessions in a row of gains. NYSE is jumping 1.19% to $14,953.94, following the last session’s upward trend.

AMC’s last close was $4.27, 87.56% under 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.

Revenue Growth

Year-on-year quarterly revenue growth grew by 26.9%, now sitting on 4.09B for the twelve trailing months.

Moving Average

AMC’s worth is way under its 50-day moving average of $5.42 and way below its 200-day moving average of $9.30.

More news about AMC (AMC).

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