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AMC Stock: What Investors Are Saying About AMC Entertainment As Shares Tumble Today


AMC Entertainment (NYSE:CMA) Stocks aren’t doing so well on Friday after theater chain CEO Adam Aron announced the sale of $7 million worth of stock.

Source: rblfmr/Shutterstock.com

The company’s CEO hampered investor confidence in AMC’s stock. It also started a trend on Twitter (NYSE:CMA) of investors posting their positions in the company with the hashtag “#AMCNOTLEAVING”.

For those unaware, AMC’s stock gained meme status last year with GameStop (NYSE:GME) and several other companies. These stocks attracted investors looking to eliminate shorts while driving the price higher.

Let’s dive into what’s being said in this hashtag below!

AMC Action on Twitter

So how exactly does today’s news affect AMC’s stock? On the one hand, we are seeing a decent amount of transactions at the time of this writing. There are currently some 38 million shares traded Friday afternoon. This is a good move, although it is still below the average daily trading volume of around $42.6 million.

Traders considering taking a position in AMC shares during today’s decline are free to do so. However, they will want to do their due diligence on the company first. While prices are down today and may rally soon, there’s no denying that meme stocks can be incredibly volatile. Keep this in mind when considering AMC transactions today.

AMC stock is down 4.4% on Friday afternoon and 25.5% since the start of the year.

Investors who want to keep up to date with the latest stock market news are in luck!

InvestorPlace is here to help you with our daily deep dives into the stock market! Some examples of Fridays include sending news NextPlay Technologies (NASDAQ:NXTP) higher stock, why casino stocks are on the rise, as well as platoon (NASDAQ:PTON) stock taking a beating on an update to the Nasdaq (NASDAQ:NDAQ). You can find out all about these questions by checking out the following links below!

More stock market news for Friday

At the date of publication, William White did not hold (directly or indirectly) any position in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to InvestorPlace.com Publication guidelines.




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