What’s Going On With AMC Stock?

AMC Entertainment Holdings, Inc. (NYSE:AMC) shares are trading lower Friday, and the stock is down by more than 10% over the past five days.

What To Know:

AMC shares marked a new all-time low Friday as the stock continues lower on downward momentum. The company announced an equity distribution program at the end of March, under which AMC will offer up to $250 million in additional shares.

AMC CEO Adam Aron told The Hollywood Reporter on Tuesday that he does not see bankruptcy or restructuring in the company’s future.

“Personally, I think it’s inconceivable that AMC would have to restructure like Regal Cinemas did and file for Chapter 11,” Aron said. “One of the things I’m very proud of is that going into the pandemic, AMC was in a very strong position.”

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Should I Sell My AMC Stock?

When deciding to hold on to or sell a stock, investors should consider their time horizon, unrealized gains and total return.

Shares of AMC Entertainment have decreased by 94.71% in the past year. An investor who bought shares of AMC Entertainment at the beginning of the year would take a loss of $3.40 per share if they sold it today. The stock has fallen 36.54% over the past month, meaning an investor who bought shares on March 1 would see a capital loss of $1.61.

Investors may also consider market dynamics. The Relative Strength Index can be used to indicate whether a stock is overbought or oversold. AMC Entertainment stock currently has an RSI of 7.67, indicating oversold conditions.

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AMC Price Action: According to Benzinga Pro, AMC Entertainment shares are down 3.57% at $2.70 at the time of publication Friday.

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