Recently, Zacks.com users have been paying close attention to AMC Entertainment (AMC). This makes it worthwhile to examine what the stock has in store.
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
AMC Entertainment (AMC) closed the most recent trading day at $3.45, moving 2.54% from the previous trading session.
Citing industry data, Benchmark estimates that AMC delivered nearly 37% year-over-year domestic admission growth per screen in the second quarter, well above the prior estimate of 12.5%.
Shares of AMC Entertainment Holdings (NYSE:AMC) rose more than 10% on Friday after Wedbush upgraded the movie theater chain to “Outperform” from “Neutral,” citing improving industry fundamentals, strengthened financials, and potential market share gains over the next two years. The brokerage raised its 12-month price target on AMC to $4 from $3, implying a 33% upside from current levels.
AMC Entertainment (AMC) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
In the closing of the recent trading day, AMC Entertainment (AMC) stood at $2.9, denoting a +1.75% move from the preceding trading day.
By many standards, today's NASDAQ 100 and S&P 500 look a lot like they did during the 2000 internet bubble, when the narrative that stocks involved with new technologies could only go up, sending a clear message that complacency (along with valuations) was sitting at an all-time high. As many know, the 2000 internet bubble didn't end well, wiping out many businesses, and those that survived struggled for several years before reclaiming their previous prices.
AMC Entertainment (AMC) closed at $3.02 in the latest trading session, marking a +1.34% move from the prior day.
AMC Entertainment (AMC) concluded the recent trading session at $3.00, signifying a -4.15% move from its prior day's close.
AMC Entertainment (AMC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
The market still offers compelling opportunities for investors looking for attractively priced stocks.