Where to trade AMC stock as market bears take control of the stock
- AMC stock is currently trading at $23.24.
- The stock has dipped −4.20 (15.31%) today.
- Here is a brief guide on the best places to trade AMC shares.
The AMC stock started the week on a free fall as it continues to with the drop that started in November.
Analysts are still holding their breath over the AMC stock as the bears seem to take control of the market as we move towards the end of the year.
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To help stock traders eying to invest in the AMC shares, Invezz has created a brief article on what it is and the best places to buy it.
To find out more, please continue reading.
Best places to trade AMC stock
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What is AMC stock?
AMC stock is the stock of AMC Entertainment Holdings Inc., and it trades on the New York Stock Exchange under the symbol NYSE: AMC.
The AMC Entertainment Holdings, Inc. which is commonly known as just AMC Theatres, AMC Cinemas of just AMC, is an American chain of movie theaters. It is headquartered in Leawood, Kansas.
AMC was founded in 1920 and it is the largest chain of movie theatres in the world. Other renowned names in the theatre world include Regal and Cinemark Theatres.
AMC acquired Odeon Cinemas, Carmike Cinemas, and UCI Cinemas in 2016 and it currently has 358 theatres in Europe and 620 Theatres in the US.
Majority of the stake in AMC is controlled by Wanda Group, which is a Chinese conglomerate. The other shares holders with considerable amount of AMC shares is Private equity firm Silver Lake Partners.
Should I buy the AMC stock today?
The AMC stock has been on a free fall since the start of November this year and the bear market seems to be far from over. Therefore, you should purchase the AMC Entertainment stock only if you are ready to hold through the fall before the stock starts climbing.
AMC stock price prediction
The current dip is expected to continue at least through this week before the stock attempts to make a recovery.