AMC Entertainment Holdings, Inc. (NYSE:AMC) shares are trading lower Tuesday on continued downward momentum. The stock hit a new 52-week low of $6.59 per share.
What To Know:
AMC shares have been falling since the company announced a $350 million at-the-market share offering on Nov. 10, just after reporting record revenue with its third-quarter financial results on Nov. 8. The stock has lost more than 26% over the last month.
According to data from Benzinga Pro, shares of AMC are trading below the stock’s 50-day moving average of $8.85, and 9.37% of available AMC shares are being sold short.
AMC, one of the original meme stocks, continues to capture the attention of retail investors and is currently one of the top trending tickers on Stocktwits and Yahoo Finance.
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AMC Price Action: According to Benzinga Pro, AMC Entertainment shares are down by nearly 8% at $6.60 at the time of publication.
Image: 8385 from Pixabay
