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AMC Entertainment Holdings, Inc. (AMC)
- Yahoo Finance
AMC is in 'secular decline' as Disney and other studios bypass movie theaters: veteran analyst
Meme-stock favorite AMC has skyrocketed this year, but one veteran media analyst says the movie studios' pressure on the exclusivity window means AMC is very overpriced.
- Reuters
AMC shares add to rally with strong focus among retail investors
(Reuters) -Shares in heavily shorted AMC Entertainment Holdings closed up 1.6% in busy trading on Friday as one analyst raised their price target for the cinema operator's stock, a focus in social media forums popular among retail investors. AMC's gain was forcing bearish investors out of their positions, according to one analyst who watches short-sellers. AMC last traded at $12.98 after rising as high as $14.34 during the session, with volume 3.2 times the 10-day moving average and the stock the most-heavily traded on all exchanges.
- Motley Fool
AMC Entertainment Could Go "Sharply Higher" as Analyst Hikes Price Target to $16
After a secondary stock offering netted AMC Entertainment Holdings (NYSE: AMC) some $428 million, one analyst thinks the theater operator's finances are increasingly solidifying and that could send its stock "sharply higher." A confluence of events caused B. Riley analyst Eric Wold to raise his price target on AMC to $16 from $13 and reiterate his buy rating on the stock. Back in January, AMC had been scrambling to cobble together $1 billion from lenders to stay afloat when it seemed likely it would declare bankruptcy, but it has been able to take advantage of a soaring stock price due to a massive short squeeze.
