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What’s Going On With AMC Shares Skyrocketing Monday?

AMC Entertainment Holdings Inc (NYSE: AMC) shares are trading higher by 24.46% to $7.71 Monday afternoon. Strength may be in possible anticipation of tomorrow's fourth-quarter earnings release.
byHenry Khederian
February 27, 2023
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AMC Entertainment Holdings Inc (NYSE:AMC) shares are trading higher by 24.46% to $7.71 Monday afternoon. Strength may be in possible anticipation of tomorrow’s fourth-quarter earnings release.

According to analyst consensus estimates, AMC is expected to report revenue of $1.01 billion on an EPS loss of 19 cents.

AMC is also trending across social media platforms and is the top-trending ticker on StockTwits.

See Also: What’s Going On With Tesla Stock Today

AMC may also be experiencing a short squeeze. AMC has a total share float of 516.051 million, of which 118.270 million shares are sold short, representing 22.92% of shares sold short.

According to data from Benzinga Pro, AMC has a 52-week high of $34.33 and a 52-week low of $3.77.

 
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