So, you’ve probably heard all about AMC stock and now want to buy it.
Yes, it hit an all-time high of $72 per share during the ‘meme stock’ frenzy.
And yes, it is still heavily shorted, meaning it is still a short squeeze candidate.
In early 2021, readers flocked to Franknez.com and were up over 3,000% at some point when the movie theatre chain stock peaked.
Those who failed to take profits, not so much.
In this article, I’m going to walk you through step-by-step how to open your brokerage account with Vanguard so you can learn how to buy AMC stock today.
Let’s get started!
Note: None of the content on this platform is financial advice. All market analysis conducted by Frank Nez is based on market news, market sentiment, technical analysis, and market trends.
How to Buy Stock in AMC
If you want to learn how to buy AMC stock, first you’ll need to open a brokerage account with a reputable broker.
I use Vanguard due to its reliability, updated and easy to use interface, and reputation in the financial industry.
Vanguard is one of the largest asset holders worldwide with $7.2 trillion in assets under management (AUM).
Related: How Big Could an AMC Short Squeeze Potential Surge?
#1. Create an Account with Vanguard
The first thing you’re going to want to do is visit their homepage and click on ‘open an account’.
You will then be prompted to the page shown below.
Click on ‘Open a new account with money from my bank’.
There are other options to fund your newly broker account with Vanguard but for simplicity, we’ll get you started here.
Click continue and then choose ‘I’m new to Vanguard’.
Here, you will need to create your profile and login ID to create your broker account.
This process will take you anywhere between 5-10 minutes.
You will gain access to choose what type of account you’ll want to open (General Investing for most), provide standard personal information, and add a bank account to fund your stockbroker account.
To open an account, you’ll need the following:
- A permanent U.S. residence
- Employee address, if applicable
- Social security number
Once you’ve created your login and have funded your account, you’re ready for the next step towards buying shares of AMC (and other company stock)!
Which AMC Stock to Buy?
Use the search bar on the far-right corner to search for ‘AMC ENTERTAINMENT’.
New investors might question which AMC stock to buy.
Search ‘AMC’ and you will see ‘AMCX’, which is AMC Networks, the network where ‘The Walking Dead‘ airs. AMCX is the wrong AMC to buy if you’re looking for the movie theatre chain.
For the right AMC stock, search ‘AMC Entertainment’.
This will narrow your search to two securities.
Choose AMC – AMC Entertainment Holdings, Inc., not APE.
APE is AMC’s Preferred Equity, it’s a different security.
Now that you’ve identified which AMC stock to buy, toggle over to ‘My Accounts’ and click on ‘Buy & Sell’ under ‘Transactions’.
#2. Get a Quote
Search for ‘AMC’ and click on ‘Get quote’.
A real-time quote will pop up for final confirmation.
Click ‘Buy’ to select the number of shares you’d like to purchase of AMC stock.
Type the number of shares you’d like to add to your stock portfolio.
Then set your ‘order type’ to limit.
This will allow you to buy AMC stock at its current share price or better.
Type the ‘limit’ price to AMC’s current stock price.
Leave the ‘duration’ on ‘Day’ to execute your order the same day.
And hit ‘Preview Order’.
Submit your order and congratulations!
You have now learned how to buy AMC stock.
You can use Vanguard to purchase all sorts of stocks now and begin to build a strong portfolio.
Related: The Best Dividend Stocks to Buy for Passive Income
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