AMC Stock News: AMC Entertainment down for sixth straight session on Wednesday, lowest price in 15 months


  • NYSE: AMC fell by 8.56% during Tuesday’s trading session.
  • Investor Jim Chanos is using APE shares as a way of arbitraging AMC.
  • Wedbush analysts lower the price target for AMC stock to $2.00.

UPDATE: AMC stock is trading down 2.4% at $9.33. If it stays in the red, this would be its sixth straight session losing ground. More than 18,000 put contracts for the $15 strike price expiring this Friday have traded in the first half hour on Wednesday. The last price was $0.96 per share, and the value of the contract is up 100% from Tuesday. AMC stock has not traded this low since May 7, 2021. On Tuesday the meme stock broke through support at $10 from May 11 and 12. There is support from February and April of 2021 near $5.50 and $8, respectively.

NYSE: AMC continued to see its common shares tumble on Tuesday, although the price of its recently released preferred shares seem to have stabilized. Shares of AMC dropped by a further 8.56% and closed the trading session at a price of $9.56. Stocks were mixed on Tuesday, as the broader markets somewhat recovered from Monday’s intense sell off. Despite what looked to be a positive start to the day, all three major indices closed in the red once again. Overall, the Dow Jones fell by 154 basis points, the S&P 500 dropped by 0.22%, and the NASDAQ traded flat for the day. 


Stay up to speed with hot stocks' news!


After the interesting split that AMC recently did, famed short seller Jim Chanos is using the opportunity for some classic arbitrage. Chanos told CNBC that he believes the two securities should be trading at the same price, and will eventually do so. He has established a long position in Ape (NYSE:APE) and a short position in AMC. CEO Adam Aron has told Apes to combine the prices of the two securities to get the true stock price value of AMC shares. Shares of APE rose by 17.0% during Tuesday’s session. 

AMC stock forecast

AMC Stock

Wall Street analysts at Wedbush have downgraded their already low price target for shares of AMC. The price target was cut in half from $4.00 to $2.00 to account for the release of the APE shares. Wedbush is not impressed with the stock dilution, citing that AMC would have to issue 900 million shares of APE to repay all of its debt.


Like this article? Help us with some feedback by answering this survey:

Share: Feed news

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. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended content

Editors’ Picks

Gold gives away some gains, slips back to $2,980

Gold gives away some gains, slips back to $2,980

Gold retraced from its earlier all-time highs above the key $3,000 mark on Friday, finding a footing around $2,980 per troy ounce. Profit-taking, rising US yields, and a shift to a risk-on environment seem to be putting the brakes on further gains for the metal.

Gold News
EUR/USD remains firm and near the 1.0900 barrier

EUR/USD remains firm and near the 1.0900 barrier

EUR/USD is finding its footing and trading comfortably in positive territory as the week wraps up, shaking off two consecutive daily pullbacks and setting its sights back on the pivotal 1.0900 mark—and beyond.

EUR/USD News
GBP/USD remains depressed, treads water in the low-1.2900s

GBP/USD remains depressed, treads water in the low-1.2900s

GBP/USD is holding steady in consolidation territory after Friday’s opening bell on Wall Street, hovering in the low-1.2900 range. This resilience comes despite disappointing UK data and persistent selling pressure on the USD.

GBP/USD News
Crypto Today: BNB, OKB, BGB tokens rally as BTC, Shiba Inu and Chainlink lead market rebound

Crypto Today: BNB, OKB, BGB tokens rally as BTC, Shiba Inu and Chainlink lead market rebound

Cryptocurrencies sector rose by 0.13% in early European trading on Friday, adding $352 million in aggregate valuation. With BNB, OKB and BGB attracting demand amid intense market volatility, the exchange-based native tokens sector added $1.9 billion.

Read more
Week ahead – Central banks in focus amid trade war turmoil

Week ahead – Central banks in focus amid trade war turmoil

Fed decides on policy amid recession fears. Yen traders lock gaze on BoJ for hike signals. SNB seen cutting interest rates by another 25bps. BoE to stand pat after February’s dovish cut.

Read more
The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

Read More

Forex MAJORS

Cryptocurrencies

Signatures

Best Brokers of 2025