Traders purchase a large number of put options on AMC Entertainment (NYSE:AMC)

Options trading in AMC Entertainment Holdings Inc. (NYSE: AMC ), which saw unusually high volume on Friday, was mostly active due to the day’s high volume. Market participants bought a total of 274,997 options on the market to sell contracts. Compared to the average volume of put options sold, which is 248,288 contracts, this represents an increase of 11%.

During Friday trading, the price of AMC shares fell $0.49, bringing the stock’s total price to $4.42. The total number of shares of the company that changed hands was 659,328, compared to the average daily volume of 28,530,640. The company’s market capitalization is estimated at $2.28 billion, while its price-to-earnings ratio stands at -3.34, and its beta is equal to 1.60. Over the past 52 weeks, prices for AMC Entertainment ranged from $4.11 to $33.33, with an average price of $34.33. The moving averages for the last 50 days come in at $649 for the company, while the moving averages for the last 200 days come in at $6.
A number of different brokerage firms have shown interest in AMC since recent times due to its strong performance. MKM Partners lowered their price target on AMC Entertainment to $0.50 in a research note released on Tuesday, September 6th. B. Riley stated that they decreased their price target on AMC Entertainment from $11.00 to $7.500. The company maintained a “neutral” rating in a research note issued on Wednesday, October 12. Citigroup decreased their price target on AMC Entertainment from $1.20 to $1.10 in a research report made public on Friday, November 25. On October 12, a report about AMC Entertainment came out. . first published on They suggested that customers “sell” company to company. Currently there are three analysts who think the company’s stock should be sold, while there are two analysts who think the stock should be a hold. The investment advisory community sees the company as a “Reduce” rating, and their stock price stands at $372, according to data from A price target was set at the same time.
Hedge funds have increased or decreased the amount of company money they are holding in the past few months. Covestor Ltd. increased its holdings in AMC Entertainment by 417.6% during the first three months of the year. Covestor Ltd currently owns 167,000 shares of the company’s stock, currently priced at $26,000. This is because the company bought an additional 856 shares of stock during the current quarter. The value of Allworth Financial LP’s holdings in AMC Entertainment increased by 46.6% during the second quarter compared to the previous quarter. After making an additional purchase of 707 shares during the most recent quarter, Allworth Financial LP now owns 2,224 shares of the company’s stock, bringing the company’s total value to $30,000. This brings the number of shares held by the company to 2,224. Cypress Capital Management LLC WY increased its holdings in shares of AMC Entertainment by 31.9% during the second quarter. After making an additional purchase of 750 shares during the last fiscal quarter, Cypress Capital Management LLC WY now owns 3,330 shares of the company’s stock. These shares have a total value of $42,000. In the second quarter, Spire Wealth Management witnessed a rise of 132.4% in the value of its holdings in AMC Entertainment. After a new purchase of 1,935 shares during the most recent fiscal quarter, Spire Wealth Management now owns 3,397 shares. Based on the current market price, these shares are worth $46,000. The last game, which happened during the third quarter, involved Brookstone Capital Management buying AMC Entertainment shares for $60. Up to 26.14% of its total value, the fund is held by hedge funds and other types of institutional investors.

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AMC Entertainment Holdings, Inc. is involved in the motion picture industry through its various businesses. The company either owns and operates theaters throughout the United States and Europe or has some type of investment in businesses that do so. As of March 1, 2022, it has approximately 950,000 movies. The city of Leawood, located in the state of Kansas, serves as the company’s headquarters. The company was founded in 1920.

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