Traders Buy High Volume of Put Options on AMC Entertainment (NYSE:AMC)
, 2022-12-23 12:43:36,
AMC Entertainment Holdings, Inc. (New York Stock Exchange: AMC – get grade) was the target of unusually large options trading activity on Friday. Stock traders bought 274,997 put options on the shares. This is an increase of approximately 11% compared to the average volume of 248,288 put options.
Wall Street analyst weighs in
Several brokerage firms recently commented on AMC. MKM Partners lowered its price target on AMC Entertainment to $0.50 in a research report on Tuesday, September 6. B. Riley lowered his price target on AMC Entertainment shares to $7.50 from $11.00 and set a “neutral” rating for the company in a research note on Wednesday, October 12. Citigroup lowered its price target on AMC Entertainment from $1.20 to $1.10 in a research note on Friday, November 25. Finally, stocknews.com kicked off coverage on AMC Entertainment in a report on Wednesday, October 12. They set a “sell” rating for the company. Three analysts gave the shares a sell rating and two assigned a hold rating to the company’s shares. Based on data from MarketBeat.com, the company currently has a consensus rating of “Lower” and a consensus price target of $3.72.
AMC Entertainment Stock Performance
Actions of AMC traded $0.49 lower during Friday trading hours, reaching $4.42. The stock had a trading volume of 659,328 shares, compared to its average volume of 28,530,640. The company has a market capitalization of $2.28 billion, a price-earnings ratio of -3.34, and a beta of 1.60. AMC…
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