AMC Entertainment (AMC) Stock Surges Over 5% Amid Market Volatility

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Nov 20, 2024
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AMC Entertainment Holdings Inc. (AMC, Financial) recently experienced a significant stock price increase of 5.07%, reaching $4.56 per share. The trading volume reached 8.45198 million shares, with a turnover rate of 2.25% and a price fluctuation of 6.22%. Despite the surge, AMC's recent financial report showed a revenue of $1.349 billion, a net loss of $20.7 million, and earnings per share of -$0.06, resulting in a negative price-to-earnings ratio of -3.35. Currently, no institutions have issued buy, hold, or sell ratings for the stock.

Within the entertainment industry, where AMC operates, the overall increase was 0.85%. Notable performers included Hall Of Fame Resort & Entertainment Company, Alliance Entertainment Holding Corporation, and iQIYI, which saw significant gains. Active stocks in the sector included Color Star Technology, Roku, Inc., and Brera Holdings Plc, with turnover rates of 4.23%, 3.72%, and 3.63%, respectively. Stocks with notable price fluctuations were Alliance Entertainment Holding Corp C/Wts 10/02/2028 (To Pur Com), Kuke Music, and Brera Holdings Plc, with fluctuations of 33.03%, 19.80%, and 18.19%.

AMC Entertainment Holdings Inc. operates in the cinema exhibition business, with theaters in the United States and Europe. The company offers amenities such as blankets, electric recliners, MacGuffins full bars, AMC Dine-In Theatres, and premium screenings. It reports its operations in two segments: the U.S. market and the international market, with the majority of its revenue coming from the United States.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.