Previous Close | 0.5100 |
Open | 0.5200 |
Bid | 0.5000 |
Ask | 0.5800 |
Strike | 8.00 |
Expire Date | 2025-06-20 |
Day's Range | 0.5200 - 0.5400 |
Contract Range | N/A |
Volume | |
Open Interest | 3.37k |
AMC Entertainment (AMC) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
On May 13, AMC stock jumped 78% in a single session. Shares roared another 32% the next day and hit as high as 11.88. Gamestop shares quickly moved in hyper-kinetic form, to say the least, as this new IBD story highlights.
Despite an 84% drop in adjusted EBITDA, AMC strengthens its market position with increased revenue per patron and strategic debt refinancing.