AMC Stock Price Surges Again Ahead of Earnings Report

#AMCtothemoon and #AMCshortaqueeze started trending on Twitter after the entertainment company announced that it’ll release its Q3 earnings report on 8th November, 2021.

AMC Entertainment (NYSE: AMC), ended the trading session in green for a second day in a row. AMC is up almost 9% in 2 days. And suddenly shot up almost 11% during the after hours trading session on Tuesday. Kudos to Dune’s blockbuster halloween weekend performance, AMC is on its way for a profitable December quarter.

Retail investors are once again hoping for a short squeeze situation aided by buying pressure. AMC stock price rose by 2.05% in the after hours of the market while it was up by 5% on Monday with opening the day at $35.65 and closing it at $37.07. It’s shares have skyrocketed almost by 1,657% year-to-date.

According to Zacks Investment Research, AMC Entertainment Holdings, Inc.will report sales of $777.83 billion for Q3. But all eyes are on AMC right now, after CEO Adam Aron teased that; cryptocurrencies are just one of half a dozen ideas that they are working on.

October 2021 proved to be a great business month for AMC since the pandemic begun and November is very likely to carry forward the stint with Marvel Eternals, Ghostbusters and many other movies are set to release in theatres. October’s box office collection exceeded $100 million every single week, accumulating a monthly total.

Free Popcorns

“We are so pleased that more than 365,000 people have joined our free AMC Investor Connect communications and rewards program for AMC shareholders. To thank existing members, and to encourage new enrollees, here is another FREE LARGE POPCORN.”

AMC CEO Adam Aron
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