AMC Entertainment Holdings, Inc.(NYSE: AMC) stock dropped -26.58% to $14.61 in the after-hours trading. Shares of the Company have gained 193.08% since the beginning of the year. In the last five trades, the stock gained 570.03%, while in the 30 trades, it gained 692.83%. Nevertheless, the stock price has increased by 379.52% in the last 6 months and has gained 623.64% during the past 3 months.
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AMC is the largest movie exhibition company in the United States, the largest movie exhibition company in Europe and the Middle East, and the largest movie exhibitor worldwide, with approximately 1,200 theatres and 10,700 screens. Through strategies including the deployment of its Signature power-reclining seats, enhanced food and beverage options, consumer engagement growth through its loyalty programs, subscription programming, and use of mobile apps; and the introduction of premium extensive format experiences, AMC has been a catalyst for innovation in the exhibition industry.
It was announced that AMC Entertainment Holdings, Inc. (NYSE: AMC) had completed its previously announced at-the-market equity program.
AMC announced entry into an equity distribution agreement with the Securities and Exchange Commission of the United States on January 25, 2021, concerning a 50 million share class A common stock private placement.
Those programs are now complete. The company has raised an additional $304.8 million in two additional sales in addition to the remaining shares under the initial plan since it announced its 2021 program on January 25, 2021.
Research analysts may not exceed the average in terms of pure accuracy, but those they pick generally perform well. More than 70% of analysts correctly rate buys, which make up about 85% of all correct ratings. The company shares received several updates from brokerage firms in the past month. The latest is from B. Riley Securities, which reiterated the stock rating as “Neutral.” The analyst gave a price target of $3.50 to $4.50. B. Riley Securities Reiterated its price target at 5.50-4.50.