AMC Entertainment (NYSE:AMC) Stock Passes Below 200 Day Moving Average – Time to Sell?

AMC Entertainment Holdings, Inc. (NYSE:AMC)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.62 and traded as low as $1.24. AMC Entertainment shares last traded at $1.3750, with a volume of 20,438,161 shares trading hands.

Key AMC Entertainment News

Here are the key news stories impacting AMC Entertainment this week:

• Positive Sentiment: CEO Adam Aron bought 250,000 AMC shares in the open market, signaling confidence in the company’s outlook. Adam Aron Buys 250,000 Shares of AMC Entertainment (NYSE:AMC) Stock
• Positive Sentiment: Aron publicly emphasized his alignment with shareholders, which is boosting sentiment around AMC stock. AMC stock pops overnight: CEO Adam Aron buys more shares, says ‘I ride with you’
• Positive Sentiment: Options activity surged, with unusually heavy call buying suggesting traders are positioning for more upside.
• Neutral Sentiment: Recent entertainment-related announcements, including new AMC-branded content and podcast projects, add visibility but do not appear to be the main driver of the stock move.
• Negative Sentiment: AMC recently reported a quarterly EPS loss that missed analyst expectations, underscoring that profitability remains a concern.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AMC. Citigroup upped their price objective on shares of AMC Entertainment from $1.10 to $1.20 and gave the company a “sell” rating in a research note on Thursday, May 7th. Wall Street Zen upgraded shares of AMC Entertainment from a “strong sell” rating to a “hold” rating in a report on Saturday, May 9th. Benchmark upgraded shares of AMC Entertainment from a “hold” rating to a “buy” rating and set a $2.50 price objective for the company in a research note on Wednesday, May 6th. Weiss Ratings restated a “sell (e+)” rating on shares of AMC Entertainment in a research report on Monday, April 20th. Finally, B. Riley Financial reissued a “neutral” rating on shares of AMC Entertainment in a report on Friday, April 17th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $2.24.

AMC Entertainment Stock Performance

The company has a market capitalization of $939.53 million, a PE ratio of -1.45 and a beta of 2.14. The firm has a fifty day simple moving average of $1.33 and a 200-day simple moving average of $1.60.

AMC Entertainment (NYSE:AMC) last posted its earnings results on Tuesday, May 5th. The company reported ($0.36) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.04). The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $979.19 million. The company’s revenue was up 21.2% on a year-over-year basis. During the same period in the previous year, the business earned ($0.58) earnings per share. As a group, research analysts anticipate that AMC Entertainment Holdings, Inc. will post -0.36 EPS for the current fiscal year.

Insider Buying and Selling at AMC Entertainment

In other news, CEO Adam M. Aron bought 250,000 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was purchased at an average price of $1.38 per share, with a total value of $345,000.00. Following the transaction, the chief executive officer directly owned 2,437,020 shares in the company, valued at approximately $3,363,087.60. The trade was a 11.43% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.43% of the company’s stock.

Institutional Trading of AMC Entertainment

Several institutional investors and hedge funds have recently made changes to their positions in AMC. Jones Financial Companies Lllp grew its holdings in shares of AMC Entertainment by 761.8% during the third quarter. Jones Financial Companies Lllp now owns 8,480 shares of the company’s stock worth $25,000 after buying an additional 7,496 shares in the last quarter. Triumph Capital Management increased its stake in shares of AMC Entertainment by 139.0% during the 4th quarter. Triumph Capital Management now owns 19,000 shares of the company’s stock worth $30,000 after purchasing an additional 11,050 shares during the last quarter. Royal Bank of Canada raised its stake in AMC Entertainment by 90.7% in the 1st quarter. Royal Bank of Canada now owns 33,657 shares of the company’s stock valued at $33,000 after acquiring an additional 16,011 shares during the period. Pitcairn Co. acquired a new stake in AMC Entertainment during the second quarter worth approximately $34,000. Finally, Powell Investment Advisors LLC bought a new stake in shares of AMC Entertainment in the fourth quarter valued at about $39,000. Institutional investors own 28.80% of the company’s stock.

About AMC Entertainment

AMC Entertainment Holdings, Inc operates as a leading movie exhibition company, specializing in the presentation of theatrical motion pictures across a network of multiplex cinemas. The company’s core business activities encompass ticket sales, concession and refreshment services, and the licensing of premium viewing formats. AMC offers a variety of auditorium experiences, including IMAX®, Dolby Cinema™, and Cinemark’s RealD 3D systems, designed to enhance audience engagement through superior sound, visual clarity, and seating comfort.

Originally founded in 1920 with its first theatre in Kansas City, AMC has evolved into one of the largest theater chains in the world.