Amc News

AMC stock price has been in a strong bearish trend in the past few months as concerns about the industry continue. The shares dropped to the year-to-date low of $5.48 on October 13. It has crashed by more than 70% from its highest level on March 29. The stock plunged by more than 86% from its highest level in 2021, giving it a market cap rose to more than $3.5 billion. AMC premarket was trading at $6.36 on Tuesday. Is AMC a good stock to buy? AMC Entertainment has been under intense pressure in the past few months as concerns about the industry continued. There are worries that the movie theatre industry is not recovering at a faster pace than what analysts were expecting. At the same time, there are worries about the company’s debt and concerns that it could end like Cineworld. Cineworld filed for bankruptcy amid high debts. AMC stock price has also crashed in the past few months as interest in meme stocks has waned. Indeed, a closer look at some of the top meme stocks like GameStop, ContextLogic, Virgin Galactic, Tilray, and Blackberry have stalled. Meanwhile, the APE stock price has crashed by 62% since going public in August. For starters, APE stands for AMC Preferred Equity (APE). Each APE shares represents a one-hundredth interest in share of AMC’s Series A Convertible Participating Preferred Stock. APE has a market cap of over $3 billion. So, is AMC a good stock to buy? AMC is the biggest movie theatre in the United States with thousands of stores. The company’s operations as a meme stock was beneficial and is one of the top reasons why Cineworld crashed. It used its expensive stock price to rise cash. Therefore, AMC does not have a huge debt burden. It has over $965 million in cash and short-term investments against over $5.3 billion in debt. The company has more room to pay this debt as the industry makes a slow recovery. Its net interest expense in the past 12 months was about $334 million against a total revenue of over $3.4 billion. The next key catalyst for the AMC stock price will be the upcoming earnings report that is scheduled for November 8th. AMC stock price forecast The daily chart shows that the AMC share price has been in a bearish trend in the past few months. It has dropped below the descending trendline shown in black. The stock is trading at the important support level at $5.95, which was the lowest level on May 12. It has moved below the 25-day and 50-day moving averages while the Relative Strength Index (RSI) is below the neutral level of 50. Therefore, the AMC stock price will likely have a bearish breakout as sellers target the key support level at $4. A move above the resistance point at $7.5 will invalidate the bearish view.

Amc

AMC Premarket: Outlook as APE Stock Price Crashes

AMC Share Price Could See New Demand On Record Sales of Spider-Man Movie Tickets

AMC Share Price Crashes 22% in September: What Next?

AMC Share Price Dips Further As Two Execs Sell Shares

AMC Share Price Explodes: Epic Short-Squeeze Continues

AMC Share Price Gains Modestly, But Remains Under Pressure

AMC Share Price Outlook: Downward Momentum Despite Upbeat Earnings

AMC Share Price Outlook: Three Hedge Funds Take On Retail Traders Ahead of Earnings

AMC Share Price Outlook: US Market Selloff Raises Risk of a Further Decline

AMC Share Price Rockets As Short Interest Increases

AMC Share Price Set for Additional Decline After 23% Drop

AMC Share Price Set for Major Decline If Rising Wedge is Broken