I actually said this back on April 1st when AMC share price started to drop due to Adam Aron’s announcement seeking approval from its shareholders to issue 500 million more shares. You can check out the post here.
Will there be a squeeze in AMC stock?
Trey’s Trades has mentioned the perfect squeeze setup will require the volume to sit around 600 million plus. Some DD on Reddit has shown a squeeze will most likely occur in the billion volume mark. We’ve been seeing this with AMC until now. The stock has held up really well consolidating in the $40-$50.
Does AMC own a theatre?
AMC Entertainment Holdings, Inc., through its subsidiaries, engages in the theatrical exhibition business. It owns, operates, or has interests in theatres in the United States and Europe. The company was founded in 1920 and is headquartered in Leawood, Kansas.
