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AMC ENTERTAINMENT INCAMC ENTERTAINMENT INCAMC ENTERTAINMENT INC

AMC ENTERTAINMENT INC

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AMC2 trade ideas

AMC Decending Broading WedgeLooks to be a break of the long term resistance line we have tested multiple times in the past. Huge surge in volume as we broke the structure, which has now decreased as price has come back to test the trendline. Cautious here as we have broken the decending resistance line before only to come straight back down into the structrue. However, note the volume spikes each time we push up to test the top of the wedge and this has been huge this time around. Sadly the run was stopped just under 9$ which is a histroical support line turned resistance. No surprise we got stopped here. Really need some more momentum to come through now to confirm any move up. We have held a good base in the 4$ range for months now and volume spiked as soon as we dropped below that, bringing us back into the range. Obviously we could see moves down if the settlement is approved and C R/S goes ahead. This whole RS and APE conversion to AMC is difficult and throwing me off here. If we see some more momentum and settlement is not approved soon then we can move higher. I hope this is the case but we never know with this stock..
NYSE:AMC
by webba008
AMC Stock: The Potential Short Squeeze?AMC Stock: The Potential for a Short Squeeze Explained If you've been following the stock market news, you've likely heard about the potential for a short squeeze in AMC Entertainment Holdings (AMC). But what does that mean, and why is it happening? Let's break it down in simple terms. What is a Short Squeeze? A short squeeze occurs when a stock's price starts to increase, and the traders who had bet against that stock (known as short sellers) scramble to limit their losses. This usually involves buying shares of the stock, which can drive the price up even further. Why AMC? There are several factors that make AMC a candidate for a short squeeze: High Short Interest: A significant portion of AMC's publicly available shares are under short position. As of July 24, about 28% of AMC's publicly available shares were under short position, according to Reuters. This high short interest can lead to a short squeeze if the stock price starts to increase and short sellers scramble to cover their positions. Stock Borrowing Rates: The borrowing cost for AMC stock has skyrocketed, which increases the chance of a short squeeze. High borrowing costs make it more expensive for short sellers to hold onto their positions, which can force them to cover their shorts, driving the price up. This information was reported by Finbold. Potential for Recovery: There is a belief among some investors that movie theaters will fully recover from the impacts of the pandemic, which could drive up the price of AMC shares. If this happens, short sellers may be forced to cover their positions, leading to a short squeeze. Legal Developments: A U.S. court recently blocked AMC's stock conversion plan that risked diluting investors' holdings. This decision was seen as a win for equity holders and led to a surge in AMC's stock price, as reported by Reuters. Goldman Sachs Price Target: Goldman Sachs, a renowned financial institution, has given AMC Entertainment a new price target of $175 per share, a significant increase from the current share price. This new price target has been reported by multiple sources, including Franknez.com and InvestorTurf. This development could potentially trigger a short squeeze as short sellers rush to cover their positions. What's Next? While these factors can increase the likelihood of a short squeeze, they do not guarantee that one will occur. Investing in stocks always carries risk, and it's important to do your own research and consider your own risk tolerance before making investment decisions. In the case of AMC, keep an eye on the news for any changes in the factors listed above. Any significant changes could impact the likelihood of a short squeeze. Remember, investing should be based on careful research and consideration, not just trends and speculation. Always make sure you understand what you're investing in and why.
NYSE:AMCLong
by mike81686
1
Can AMC continue the bullish momentum?AMC popped over 50% on the last trading day. So questions arise could include whether there is an juice left in the move? Are there short sellers now buying to cover to cut their losses? On the 15 minute chart, the parabolic move is obvious. The volume profile shows the highest volume of trading at 7.42. A typical end of the trading day and week fade is seen with volume falling as well. Price is now getting support at the first VWAP band above the mean line somewhat confluent with the POC. A reasonable target is the high of Friday's trading session at 8.75 but bullish momentum could push price above that resistance. The is a major VWAP band breakout. a parabolic move that potentially could continue. Accordingly, I will take a risky trade with a limit order at 7.45 where AMC will be above its POC line as an sign of a potential resurgence of bullish momentum. I will watch for a volume spike showing that new buyers like myself and short sellers liquidating are combining in selling pressure. I anticipate great price action and a quick profit. The trick is knows when to sell to realize profits I will sell one-tenth of the position for every 3% in profit unrealized and could find an overall profit of 15-25% which would be a great way to start the trading week. Some might call this chasing and I understand that. I see it has high risk with higher potential reward especially if a short squeeze kicks into the higher gears.
NYSE:AMCLong
by AwesomeAvani
19
AMC Triple Bottom WatchAMC appears to be forming a triple bottom pattern with price support holding in the $3.80 area since January of this year. The last time AMC put in a triple bottom was in 2020, and in early 2021 price exploded from a low around $1.30 to a pandemic meme stock rally high of $44. AMC likely will not see the same gains as seen in 2021, but the triple bottom is worth watching here as traders could be on the verge of sending this one higher. Lower indicators are both reading bearish trend and momentum for now, but are in neutral zones which could lead to a transition from bearish to bullish. My buy price on this trade was $4.43. My stop-loss is currently at $3.93. No upper price target for now, plan is to hold and wait for a breakout and then raise my stop-loss when/if price begins to set higher highs and higher lows.
NYSE:AMCLong
by PrepForProfit
6
$AMC Blockbuster Short Squeeze BrewingDue to a constant stream of flops, movie theaters have experienced a significant hit. With this in mind, it comes as no surprise that AMC Entertainment Holdings, Inc. (NYSE: AMC) fell more than 50% since March. However, there could be a glimmer of hope with the much anticipated releases of Oppenheimer and Barbie approaching this month. With AMC stock highly shorted at the moment, the possibility of a short squeeze occurring this month is relatively high if both movies are blockbusters as expected. AMC Fundamentals As things stand, AMC is the world’s largest theater brand and as such it has the potential to generate a significant quantity of revenue from a single blockbuster. For example, AMC made more than %70 of the box office gross from Avatar: The Way Of Water, and since it made $2.32 billion AMC made more than $1.62 billion. Keeping that in mind, two highly anticipated potential blockbusters are on the horizon. Pink Nuke On July 21st both Oppenheimer and Barbie are coming out in theaters which is significant since these movies mark a shift away from repetitive storytelling in Hollywood. Over the course of the past few years, Hollywood has developed superhero fatigue, and repetitive storytelling and unnecessary sequels have been flooding the market. Thankfully, these issues do not apply to Barbie and Oppenheimer. These two movies are vastly different, however, it is that difference that makes each story appealing. When it comes to Barbie, Its existential narrative is drastically different from Hollywood’s classical narrative and its hyperbolic comedic tone in regards to gender commentary also sets it apart. On the other hand, Oppenheimer’s story is in many ways an inversion of Hollywood’s classical narrative where the main protagonist is viewed as an infallible character or morally justified. In short, both of these movies are unique stories and modern day cinemagoers are in search of genuinely unique stories that are not carbon copies of a cliche narrative. It is for this reason that these movies could shake the box office. Additionally, Oppenheimer is directed by none other than Christopher Nolan, who is considered one of the best directors today. His involvement in Oppenheimer is a source of comfort for many moviegoers which is part of the reason why the movie is currently highly anticipated. Both of these movies are about to be released while AMC stock is experiencing mounting short selling pressure. If these movies become box office giants, AMC’s revenues are likely to receive a much needed boost which would result in the stock running. Short Data In the meantime, AMC stock has a high short interest of 22.5% and 34.7% of its float on loan. At the same time, cost to borrow is extremely high at 206% and utilization is at 91%. In light of the stock’s short data, a major short squeeze could occur in AMC stock if Oppenheimer and Barbie prove to be the major hits they are expected to be. Risks Despite AMC’s short squeeze potential, the stock remains very risky due to the company’s financial situation. Currently, AMC is in dire need to raise capital and is incapable of doing so due to a lawsuit against the company’s planned 1 for 10 reverse split. Through this reverse split, AMC will have room to offer its shares to the public as the company’s outstanding shares are nearly maxed out. Based on this, the risk of bankruptcy could be extremely viable if AMC is unable to raise the cash it needs. Another risk that could be facing AMC is Oppenheimer and Barbie not performing well at the box office due to the decline in moviegoers since the pandemic. If that is the case, AMC’s prospects could be bleak since both movies are arguably the most anticipated movie releases this year. AMC Financials According to its Q1 2023 report, AMC’s assets decreased QoQ from $9.1 billion to $8.8 billion and its cash balance also fell from $631.5 million to $495.6 million. On the other hand, total liabilities slightly decreased from $11.76 billion to $11.43 billion, however, current liabilities increased from $1.6 billion to $1.7 billion. Having said that, the most alarming thing in AMC’s balance sheet is the disparity that exists between its cash balance and its current liabilities. If not remedied, this issue could lead to bankruptcy. AMC’s revenues have done surprisingly well in Q1 as they increased YoY from $785.7 million to $954.4 million. Meanwhile, operating expenses also increased YoY from $952 million to $1 billion. Despite the increase in expenses, AMC’s net loss decreased due to increased revenue resulting in a YoY decrease from $337.4 million to $235.5 million. Technical Analysis AMC stock is in a bearish trend with the stock trading in a downward channel. Looking at the indicators, AMC is trading below the 200, 50, and 21 MAs which are bearish signals. Meanwhile, the RSI is neutral at 40 and the MACD is neutral as well. As for the fundamentals, AMC stock could witness a short squeeze this month due to the much anticipated release of Oppenheimer and Barbie. If both movies perform well at the box office, AMC would be able to realize more revenues in Q3 which would be a sigh of relief for the struggling movie theater. Moreover, developments regarding the lawsuit against AMC’s planned reverse split will be future catalysts as the company could file for bankruptcy if it is unable to raise the cash it needs to continue operating. AMC Forecast A short squeeze might be on the horizon for AMC stock with Oppenheimer and Barbie set to be released on June 21. Given that both movies are highly anticipated, a short squeeze may occur if they perform as well as expected at the box office. However, AMC stock remains very risky as the company has to raise capital to maintain its operations which cannot be done at the moment due to the lawsuit against its planned reverse split.
NYSE:AMC
by Penny_Stocks_Today
AMC Entertainment (AMC:NYSE) Gets Sell RatingAMC Entertainment (AMC:NYSE) has recently garnered attention from analysts due to its volatile stock performance and ongoing market dynamics. In this post, we explore the sell rating assigned to AMC by analysts, highlighting the key concerns driving their assessments. Analysts' Sell Rating on AMC Entertainment Volatility and Overvaluation: Analysts have expressed concerns about the extreme volatility and potential overvaluation of AMC's stock. The company experienced a significant surge during the meme stock craze, driven by retail investor enthusiasm, which resulted in an inflated stock price. Analysts believe that the current valuation may not align with the company's underlying fundamentals and future growth prospects, leading them to assign a sell rating. Financial Health and Debt Burden: AMC's financial health and high debt burden are also significant factors contributing to the sell rating. Despite efforts to navigate the challenging landscape brought on by the COVID-19 pandemic, the company continues to face substantial cash burn and carries a significant amount of debt. Analysts express concerns about AMC's ability to manage its financial obligations and maintain stability in the long term. Uncertain Recovery in the Entertainment Industry: The entertainment industry has been significantly impacted by the pandemic, with ongoing uncertainty surrounding the pace of recovery. Analysts highlight the potential challenges AMC may face in attracting audiences back to theatres and generating sustainable revenue growth in a post-pandemic environment. These uncertainties further contribute to the sell rating assessment. Analyst Recommendations and Investor Considerations Risk Factors: Investors should carefully consider the risks associated with holding AMC stock, given the concerns raised by analysts. These risks include potential stock price volatility, the company's financial health, debt obligations, and the uncertain recovery of the entertainment industry. Diversification and Research: Maintaining a diversified investment portfolio and conducting thorough research are essential for investors. It is crucial to consider various factors, including analyst ratings, financial indicators, and industry trends, when making investment decisions. Conclusion: Analysts have assigned a sell rating to AMC Entertainment due to concerns over stock valuation, the company's financial health, and the uncertain recovery of the entertainment industry. Investors should carefully assess these factors and conduct comprehensive research before making investment decisions related to AMC stock. This content is provided for general information purposes only and is not to be taken as investment advice nor as a recommendation for any security, investment strategy or investment account.
NYSE:AMCShort
by CapitalMarketsEliteGroup