AMCAnalysis done on hourly candles. A year ago around this time AMC was gearing up for one of the biggest short squeeze moves in its history, bringing its share value to a high of 72.00 at one point. Since then however, AMC has been on a consistent decline along with other short squeeze "meme" stocks like GME. Short squeezes occur when companies have a high number of investors / hedge funds selling their shares "short", in layman's terms this means they're borrowing to sell shares at a higher price and plan to buy them again at a lower price and keep the difference. AMC holders are still hoping for the day to come in which another short squeeze takes place, but the timing of when it will happen is nearly impossible to tell. AMC currently has a 22% short float, which makes it a solid contender for a squeeze. Looking at the company itself, AMC is not company that suggests any robust growth in the coming years. Their upcoming earnings may be boosted from Spiderman's astonishing box office numbers, but overall it's not one that's recommended for a long term investment. The short term may bring about a short squeeze if its breaks above key levels, especially if they get a strong earnings catalyst to boost them.
