Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Here's Why AMC Shares Are Popping Off

Published 22/03/2022, 17:58
Updated 22/03/2022, 18:44
© Reuters.  Here's Why AMC Shares Are Popping Off

AMC Entertainment Holdings Inc (NYSE: AMC) shares are trading higher by 10.1% at $17.48 amid an increase in retail investor interest.

AMC's average session volume over the trailing 100 trading sessions is 43.925 million, according to data from Benzinga Pro. Volume for Tuesday's trading session has reached 38.705 million at publication time.

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

AMC may also be experiencing a short squeeze. AMC has a total share float of 515.00 million, of which 101.33 million shares are sold short, representing 19.68% of shares sold short.

Shares of retail-favorite GameStop Corp . (NYSE: NYSE:GME) are also trading higher by 25.0% at $117.60 Tuesday afternoon on heavy volume amid an increase in retail investor interest.

See Also: Is Tesla 'About To Have A Big Run'? Why Jim Cramer Says EV Stock Could Lead The Market Higher

AMC has a 52-week high of $72.62 and a 52-week low of $8.31.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read at Benzinga

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.