AMC stock on free fall since Sept. and may have hit bottom: here is where to buy the dip
- AMC stock is currently trading at $21.77.
- The stock has dipped −1.27 (5.31%) today.
- Here is a brief guide on where to buy AMC stock.
The AMC stock has been in a free fall since mid-September 2021 and analysts are of the view that the stock is readying for a takeoff since it seems to have hit the bottom.
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.
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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.
The majority of the stake in AMC is controlled by Wanda Group, which is a Chinese conglomerate. The other shares holders with a considerable amount of AMC shares is the 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 buy the stock only if you are ready to hold through the fall before the stock starts climbing.
AMC stock price prediction
Although the current dip is expected to continue at least through this week, analysts anticipate that the stock shall attempt to make a recovery in the coming weeks.