The price of AMC Entertainment Holdings Inc (NYSE:AMC) shares last traded on Wall Street fell -2.00% to $4.89.
AMC stock price is now 23.40% away from the 50-day moving average and -17.68% away from the 200-day moving average. The market capitalization of the company currently stands at $1.45B.
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With the price target reduced from $12 to $8, B. Riley Securities maintained Neutral rating for AMC Entertainment Holdings Inc (NYSE: AMC). On September 26, 2023, Citigroup reiterated its ‘Sell’ rating on the stock by increasing its target price from $15.50 to quote $4.75, while ‘Wedbush’ rates the stock as ‘Neutral’
In other news, Antara Capital LP, 10% Owner sold 7,993,400 shares of the company’s stock on Jun 28 ’23. The stock was sold for $13,815,317 at an average price of $1.73. Upon completion of the transaction, the 10% Owner now directly owns 93,911,906 shares in the company, valued at $459.23 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 27 ’23, 10% Owner Antara Capital LP sold 3,573,030 shares of the business’s stock. A total of $6,395,362 was realized by selling the stock at an average price of $1.79. This leaves the insider owning 101,905,306 shares of the company worth $498.32 million. A total of 0.37% of the company’s stock is owned by insiders.
During the past 12 months, AMC Entertainment Holdings Inc has had a low of $2.38 and a high of $54.97. The fifty day moving average price for AMC is $4.0004 and a two-hundred day moving average price translates $5.9009 for the stock.
The latest earnings results from AMC Entertainment Holdings Inc (NYSE: AMC) was released for 2024-03-31. The company reported revenue of $951.4 million for the quarter, compared to $954.4 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.31 percent.
