AMC Stock Price: AMC Entertainment is in freefall and breaks below $15 level
Premium|Take advantage of 50% OFF on your first month.
Start your subscription and get access to all our original articles.
You have reached your limit of 5 free articles for this month.
Get all exclusive analysis, access our analysis and get Gold and signals alerts
Elevate your trading Journey.
UPGRADE- NYSE:AMC fell by 8.91% during Thursday’s trading session.
- January 27th marks the anniversary of AMC’s initial squeeze.
- GameStop falls below $100 as meme stocks struggle yet again.
NYSE:AMC tumbled on Thursday as the once leader of the meme stock revolution fell for the eleventh consecutive session in January. Shares of AMC plummeted by 8.91% and closed the trading session at $14.52. Surprise, surprise, yet another day where all three major indices close the session in the red. The Dow Jones had a minimal loss, while the S&P 500 fell by 0.54%. The NASDAQ led the way lower once again as the tech-heavy index dropped by 1.40% after weakness in stocks like Tesla (NASDAQ:TSLA), which fell by 11.55% following its quarterly earnings report.
Stay up to speed with hot stocks' news!
Thursday marked the one year anniversary to one of the biggest days in the original meme stock short squeeze. On this day in 2021, AMC’s stock jumped from a closing price of $4.96 to an opening price of $20.34 as over 1.2 billion shares changed hands. Despite the stock price falling back down the next week, it was one of the first true squeezes that retail traders coordinated with meme stocks. Fittingly, the platform at the center of the squeeze, Robinhood (NASDAQ:HOOD) fell to its lowest levels as a publicly traded company on Thursday following another disappointing earnings report.
AMC stock forecast
AMC’s fellow meme stock, GameStop (NYSE:GME), fell to its lowest levels in nearly a year as well on Thursday. As much pain as AMC shareholders have been in this year, GameStop shares have also dropped by 39% so far in 2022. Despite an ongoing digital transformation and a new NFT integration with the gaming industry, the markets seem to be losing patience with GameStop and its business.
Like this article? Help us with some feedback by answering this survey:
- NYSE:AMC fell by 8.91% during Thursday’s trading session.
- January 27th marks the anniversary of AMC’s initial squeeze.
- GameStop falls below $100 as meme stocks struggle yet again.
NYSE:AMC tumbled on Thursday as the once leader of the meme stock revolution fell for the eleventh consecutive session in January. Shares of AMC plummeted by 8.91% and closed the trading session at $14.52. Surprise, surprise, yet another day where all three major indices close the session in the red. The Dow Jones had a minimal loss, while the S&P 500 fell by 0.54%. The NASDAQ led the way lower once again as the tech-heavy index dropped by 1.40% after weakness in stocks like Tesla (NASDAQ:TSLA), which fell by 11.55% following its quarterly earnings report.
Stay up to speed with hot stocks' news!
Thursday marked the one year anniversary to one of the biggest days in the original meme stock short squeeze. On this day in 2021, AMC’s stock jumped from a closing price of $4.96 to an opening price of $20.34 as over 1.2 billion shares changed hands. Despite the stock price falling back down the next week, it was one of the first true squeezes that retail traders coordinated with meme stocks. Fittingly, the platform at the center of the squeeze, Robinhood (NASDAQ:HOOD) fell to its lowest levels as a publicly traded company on Thursday following another disappointing earnings report.
AMC stock forecast
AMC’s fellow meme stock, GameStop (NYSE:GME), fell to its lowest levels in nearly a year as well on Thursday. As much pain as AMC shareholders have been in this year, GameStop shares have also dropped by 39% so far in 2022. Despite an ongoing digital transformation and a new NFT integration with the gaming industry, the markets seem to be losing patience with GameStop and its business.
Like this article? Help us with some feedback by answering this survey:
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.