Popular AMC Entertainment Stock Gives Back Gains

The company is set to announce its second-quarter earnings report next week

Deputy Editor
Jul 25, 2022 at 3:24 PM
facebook X logo linkedin

AMC Entertainment Holdings Inc (NYSE:AMC) last week jumped to multi-month highs, after the company announced it bought back $72.5 million worth of debt at a discounted rate, putting a small dent in its considerable tab. Plus, the stock last week landed on S3 Partners' list of 25 most "squeezable" U.S. stocks, drawing investor attention. However, this rally appears to have been short lived, as AMC is currently down 4.2% at $14.85 and giving back last week's gains. Year-to-date, the stock carries a 45.5% deficit. 

AMC Entertainment is one of the many company's preparing for their upcoming second-quarter earnings report, too, with the theater chain operator's results due out after the close on Thursday, August 4. AMC stock has a fairly positive post-earnings history, closing five of its last eight post-earnings sessions higher, though most recently reporting a 5.4% drop in May. This time around, the options pits are pricing in a next-day swing of 9.9%, regardless of direction, which is higher than the 7.2% move the stock has averaged over the last two years. 

Options traders have targeted the stock, too, as AMC is on Schaeffer's Senior Quantitative Analyst Rocky White's list of stocks that have attracted the highest weekly options volume over the last two weeks. During this time, 2,574,000 calls and 1,052,166 puts exchanged hands, with the August 16 call standing out as the most popular contract. 

MAO July25

It's also worth noting that though short interest has dwindled, it still makes up 19.7% of the stock's available float. Meanwhile, all six analysts in coverage carry a "hold" or worse rating. 


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI