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Why AMC Shares Are Skyrocketing Today

By Henry Khederian

AMC Entertainment Holdings Inc (NYSE:AMC) shares are trading higher by 22.91% at $12.74, rebounding off near the company’s 52-week low of $9.70. Strength could possibly be due to short-covering amid a recent selloff in the name.

Shares of several companies in the broader communications, media and entertainment industry, including AMC, have been experiencing marked weakness and are trading lower in recent sessions amid overall market weakness as investors digest the latest US inflation data, which came in higher-than-expected. 

AMC shares fell during Wednesday’s session following CPI data. The headline CPI rose 8.3% in April, down slightly from 8.5% in March but above economist estimates of 8.1%. Prior to 2022, the CPI hadn't risen 8.3% in any month since 1982... Read More

See Also: Why Disney Shares Are Sliding Today

AMC is involved in the theatrical exhibition business.

According to data from Benzinga Pro, AMC has a 52-week high of $72.62 and a 52-week low of $9.60.

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Dive Deeper:
Why AMC Entertainment Stock Is Falling
AMC Entertainment Holdings Inc (NYSE: AMC) shares are trading lower Wednesday alongside several companies in the broader communications, media and entertainment…
Why Robinhood Shares Are Skyrocketing Today
Robinhood Markets Inc (NASDAQ: HOOD) shares are trading higher by 20.97% at $10.36 after a 13D filing showed Samuel Bankman-Fried,…
Why Netflix Shares Are Diving Today
Shares of several companies in the broader technology sector, including Netflix Inc (NASDAQ: NFLX), are trading lower amid continued volatility as…
Why Tesla Shares Are Getting Hammered Today
Tesla Inc (NASDAQ: TSLA) shares are trading lower amid overall market weakness as investors digest the latest U.S. inflation data, which…
One subscription that gives you access to news from hundreds of sites
Why Ford Shares Are Falling Today
Shares of several companies in the broader consumer discretionary space, including Ford Motor Company (NYSE: F), are trading lower amid continued…
Why Apple Shares Are Diving Today
Shares of several companies in the broader technology sector, including Apple Inc (NASDAQ: AAPL), are trading lower amid continued volatility as…
Get all your news in one place