Falling for five consecutive days, AMC Entertainment ended the session at $4.64 (down 1.28%)

Published: May 27 2023, 02:16 GMT+0

Falling for five consecutive days, AMC Entertainment ended the session at $4.64 (down 1.28%)

Yesterday at a glance: the theatrical exhibition business has recovered almost all of its session losses after dipping down to $4.63 yesterday.

  • The day's trading volume totalled 11.52 million shares — slightly under the 21-day average of 15.83 million.

With only 3 days remaining until market open, yesterday's session was noteworthy in that Nasdaq gained 2.19% and reached 12,976. AMC Entertainment ended the day at $4.64, doing worse than the Communication Services sector which saw a 0.271% increase this session.

Approximately 9 months ago, the theatre company reached a significant high of $25.46 but has struggled to hold onto its gains and declined 81.54% since then. So far this year, it has been doing worse than the Nasdaq by 2.6%. The theatre company's market cap currently stands at $3.87 billion with an average daily volume of 15.83 million shares. AMC Entertainment has a forecast of $948.46 million with an EPS of -17 cents.

On the other hand, positive performances could be seen by looking at other communication services stocks as Netflix added 5.54% to its value, and traded at $378.88. Meta Platforms was up 3.7%. AT&T was up 2.31%.

Back