Now is the time to buy AMC stock.
The movie theatre company stock is trading at a bargain of $6.35, respectively.
AMC Entertainment stock has rejected submersing below the historically strong level of support at the $6 range.
Some of the biggest institutions currently holding AMC stock include Vanguard, BlackRock, and Goldman Sachs.
Now is the time for value investors to bulk up on this particular ticker before a massive rebound.
The stock has come down so low that now could be a great time for investors to add to their portfolios before the market in general turns around.
In this article I’m going to discuss why AMC in its uniqueness could be a stock you don’t want to miss out on.
Let’s get started!
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The Biggest Institutions Own AMC Stock
It’s true, according to InvestorPlace, the top 5 institutional owners of AMC stock are Vanguard, BlackRock, Goldman Sachs, State Street, and Bank of America.
Vanguard holds approximately 95.18 million shares of AMC Entertainment stock, which is equivalent to approximately 18.42% of the outstanding shares.
BlackRock holds 51.77 million shares of AMC stock, or 10.02% of the float.
Goldman Sachs 5.98 million shares, or 1.16% of the float.
State Street holds 20.53 million shares, or 4% of AMC’s float.
And Bank of America holds 5.42 million shares of the stock, equivalent to 1.05% of AMC Entertainment’s outstanding shares.
These 5 institutional AMC investors make up roughly 35% of the float.
If some of the biggest corporations in the world are currently hold AMC stock, it should tell retail investors something.
A Market Rebound is Inevitable
AMC along with the entire market has for the most part of 2022 been on a steep decline.
And the issuance of APE (AMC Preferred Equity) only further contributed to AMC’s falling share prices.
But majority of retail investors are still not selling.
And with the market due for a rebound, it’s fair to project that with a montage of hungry retail buyers during the next bull run or bull market, an AMC short squeeze is inevitable.
Whether it’s what ‘Apes’ have referred to as a MOASS, or simply some gnarly price action, the opportunity to make money will be there.
If you missed the last two runups last year, now could be the time to buy AMC stock before the market turns on short sellers.
Could we see more price action from AMC Entertainment stock like we saw last year?
So, while we don’t know when exactly the market will begin to rebound, we do know that the market never falls forever.
And when the market gets ready to bounce back, expect AMC to do the same, but due to the strong community behind it, with extra force.
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All this time I’ve been hearing retail investors own 90% of the float. How is that possible when the 5 mentioned above own a combined 35% of the float?
Because there is a float of around 127% from all the synthetics that have been produced.
Agree. Dip before the rip🌕🚀
Let’s start a discussion! Leave your thoughts below.
The institutions have to be loaning shares out.