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AMC Entertainment Holdings Inc (NYSE: AMC) is trading higher Monday after the company confirmed that its October ticket admission revenues, both internationally and in the U.S., were the highest that AMC Entertainment has seen for any single month since February 2020.
513 million shares
According to data provided by Yahoo Finance, AMC has a float of 513 million shares. Of the total, about 74\% is owned by the public, 25\% by institutions and 0.3\% by insiders – directors, company’s officers, and those with access to company information before it becomes public.
Is AMC making money?
AMC said it lost $344 million, or 71 cents a share, in the second quarter, compared with a loss of $561 million, or $5.38 a share, in the year-ago period. Analysts polled by FactSet expected a loss of 94 cents a share on revenue of $382 million for the quarter. “We are still losing money. We are still burning cash.
Who holds the most AMC stock?
AMC largest holders Among institutions, Vanguard and Blackrock are the top holders, with 8\% and 6\% of the shares, respectively. Naturally, these firms turn their holdings into shares of ETF, which in turn can (and usually do) end up owned by more individual investors.
Will the AMC stock price rise or fall?
Expect AMC stock price to rise and continue to be shorted. We will see volatility with shorts attacking the price action. They do this by trading synthetic shares at low bids. Read: How do hedge funds manipulate the stock market. AMC Entertainment is currently the most shorted stock in the market (via. MarketWatch ).
How did GameStop shares jump? Investors have been short selling the stock – borrowing shares, immediately selling them, then buying them back at a lower price before returning the shares – because of the retailer’s ongoing struggles as a brick-and-mortar chain competing with consumers increasingly shopping online.
Is AMC a better buy than GME?
AMC’s short interest is higher, utilization is higher, and so are the shares on loan. It’s also more affordable. But don’t get me wrong, the reason I’m publishing this post today is because GME stock has enough data that proves it has more juice to squeeze.
Can AMC stock ignite a short squeeze?
Many AMC bulls are hoping to ignite a short squeeze. By coordinating their purchases and driving up the stock’s price, they’re hoping to force short-sellers to exit their positions. To do so, short-sellers must buy back the shares they sold short — a dynamic that can accelerate a violent upward move in the price of a heavily shorted stock.
https://www.youtube.com/watch?v=7sBHTanjKZw