(VIANEWS) – The NYSE ended the session with AMC rising 14.24% to $7.86 on Tuesday, after five successive sessions in a row of losses. NYSE rose 3.35% to $14,319.49, following the last session’s upward trend on what was a very bullish trend exchanging session today.
AMC’s last close was $6.88, 85.03% below its 52-week high of $45.95.
AMC Entertainment (AMC) kicked off the fourth quarter with its third straight losing day as the meme stock hit a fresh52-week low price. On Monday, shares of AMC fell by 1.3% and closed the trading session at a price of $6.88. Stocks surged during a relief rally to start October as all three major averages jumped after a painful close to September. Last month’s performance was the worst for Wall Street since March of 2020. Overall, the Dow Jones added 768 basis points, the S&P 500 gained 2.6%, and the NASDAQ rose by 2.3% during the session.
Meme stocks were mixed on Monday as they carried their struggles over from the previous month. AMC preferred units both hit new 52-week low prices, and the combined value of AMC Entertainment’s two equity tickershit a price of $9.32. Bed Bath &Beyond (BBBY) also dropped by 1.6% after Goldman Sachs reiterated its Sell rating for the stock with a miniscule $2price target. GameStop (GME) managed to post a 1.4% gain after Bitcoin and the crypto markets saw a brief rally on Monday.
Through its subsidiaries, AMC Entertainment Holdings, Inc. engages in theatrical exhibitions. It owns or operates theatres in Europe and the United States. It operated approximately 950 theaters and 10600 screens as of March 1, 2022. It was established in 1920. The headquarters are in Leawood in Kansas.
Earnings Per Share
As for profitability, AMC has a trailing twelve months EPS of $-39.15.
AMC’s sales growth for the next quarter is 41.2%.
AMC’s value is way below its 50-day moving average of $13.25 and way under its 200-day moving average of $16.33.
Today’s last reported volume for AMC is 40456900 which is 4% below its average volume of 42143600.
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