Today AMC surged more than 15% closing at $18.26 per share.
The movie theatre chain stock closed at $15.86 per share on Monday.
Retail volume fueled today’s price action which also surged compared to its average volume of 44 million.
Let’s go over AMC’s market stats, short interest, and weekly prediction below.
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AMC sees surge in retail volume
Today AMC Entertainment Holdings saw a surge in retail trading volume.
The stock’s average trading volume is 44 million but rose to 75 million today.
Is AMC getting ready to begin a new bull run?
Today marks the third day in a row AMC surges from its previous market downtrend.
The movie theatre chain is up more than 25% in the past 5 trading days and 71% in the past year.
Mainstream media has been misleading investors not to expect and ‘encore’, but it seems we’re about to get a full show again.
Last year AMC reached an all-time high of $72 per share when retail began to buy the stock en masse.
AMC only had a short interest of 20% when it surged.
Today AMC’s short interest is at 21% with utilization at 100.
‘Apes’ understand this is a very important figure.
Let’s break it down together.
AMC’s high short interest is a guarantee the stock will continue to soar
I published an article this past weekend breaking down the data that shows AMC is on trajectory for another massive price runup.
AMC’s chart patterns are showing a ‘squeeze’ type runup is forming.
We know this by analyzing the short interest percentage, utilization rate, cost to borrow, days to cover, and previous runup patterns.
The AMC surges we’ve seen in the past few days proves corporate media is merely fueling a narrative that benefits its owners, who in most part are short selling AMC and GameStop.
Early investors are profitable again, but they are not leaving.
‘Bag holders’ did not hold the bag for months to break even.
The data has always been there, and it says AMC will soar into the hundreds of dollars per share as small short sellers begin to close.
This doesn’t take into account the number of positions that have to be closed by overleveraged hedge funds.
There’s no doubt those who got in late will too be profitable as AMC surges past triple digit numbers.
AMC surges after hours
A typical sign of more bullish path is rising after hours price.
While this price should be taken with a grain of salt, it’s been a bullish indicator, nonetheless.
AMC saw a 1.33% increase after hours last Friday.
Similarly, AMC saw many of these after hour increases prior to its runup to $72 per share last year.
While the small price influx isn’t a ‘make it or break it’, it certainly builds investor confidence.
AMC outlook looks positive
The available data, earnings, and community sentiment is extremely positive for AMC Entertainment.
Most AMC shareholders say they will invest back into the company after they squeeze shorts from their positions.
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AMC Entertainment as a company is doing very well in terms of fundamentals.
If you don’t know how much the company has grown over the past two years you have to read their Q4 highlights here.
If you’re thinking of investing in AMC but have never invested before, read this step-by-step guide on how to start investing in the stock market for beginners.
I walk you step by step on how to open your brokerage account and make your first stock purchase.
Avoid trading apps such as Robinhood and Webull.
And if you’re already in the markets, send the guide over to someone who isn’t.
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Frank disregard my last comment. I meant cost to borrow , can you explain that ? Isn’t that what hurts?
Frank I am confused in your article explaining short interest it said AMC was 1.27 now its .16
isn’t that less ? Please explain the short interest , what is that figure based on the price of the stock
when they shorted it? Or current price ? and for how long is that rate good? Meaning until they return it, or daily/ weekly ????
Fram my mistake I meant Cost to borrow.
Let’s start a discussion!