AMC Entertainment (NYSE:AMC) Stock Falls 5.2% - Time to Sell? - MarketBeat
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Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) traded down 5.2% on Thursday. The stock traded as low as $2.85 and last traded at $2.8450. Approximately 6,987,338 shares were traded during mid-day trading, a decline of 81% from the average session volume of 36,305,355 shares. The stock had previously closed at $3.00. Get AMC Entertainment alerts:Key Headlines Impacting AMC EntertainmentParamount’s 30-Film Promise Puts AMC Back in the Box Office ConversationHere are the key news stories impacting AMC Entertainment this week:
Positive Sentiment: Operating recovery is strengthening. AMC reported a 69.6% increase in second-quarter adjusted EBITDA, helped by higher theater attendance and revenue, tighter cost control, expanded margins and improved cash generation. AMC Q2 EBITDA Jumps 70% as Theater Attendance Recovery Accelerates
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