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How to Buy AMC Stock
Follow these simple steps when you’re ready to buy AMC stock:
- Pick a Brokerage
An online broker makes it easy for you to buy and sell stock on the go from your phone or via a desktop platform. Signing up online is simple, but choosing the best brokers should take a bit more time and legwork.
Brokerages know you want a streamlined experience with built-in tools, education and analytics. Determine your own priorities for the service you expect and compare that list with each platform’s offering.
Take a look at our considerations for choosing a broker before you commit:
Do you want a self-managed or advisor-managed account? If you’re an experienced, confident trader, self-managed is a good option. Beginners can benefit from an advisor and you may want to pay the additional fees.
How much do you want to pay in fees? Commissions may apply. Do the math before you start trading and don’t forget about annual fees or fees per share.
What is the account minimum? Some platforms have $0 minimums. Others have higher account minimums and some brokers may have penalties if your minimum isn’t met. Check into each trader’s requirements.
What kind of data do you need? And how much? Some brokerages have platforms with market data fully integrated.
Do you want a desktop, web-based or mobile experience? Pay attention to whether or not a broker’s design is reportedly intuitive or clunky.
What type of customer service do you expect? Many platforms can deliver 24/7 live customer support via chat or email. Don’t settle for less.
- Decide How Many Shares You Want
The number of shares you should buy depends on the price of AMC. For example, let’s say you have $2,000 to invest and AMC’s current stock price is $5 (so you’re comfortably under the stocks under $10 category). You could buy 400 shares of AMC stock. The number of shares you buy depends on your risk tolerance as well. Investing in a single stock opens you up to less diversification than if you were to, say, invest in a mutual fund or ETF.
- Choose Your Order Type
If you’re new to investing, you want to know several stock order types to understand before you purchase AMC stock. Your broker will ask you which type of order you want to place.
Here’s our quick rundown of the most common orders you’ll encounter:
Bid: The bid price represents the maximum amount of money that a buyer is willing to pay for a share of AMC stock.
Ask: The ask is the price a seller is willing to accept for a security. This is also referred to as the offer price.
Spread: The spread is the difference between the lowest ask price and the highest bid price. For example, if the lowest ask price for a share of AMC stock is $5 and the highest bid price is $4.75, then the spread for AMC stock is $0.25.
Limit Order: A limit order is a type of order to purchase or sell a security at a specified price or better. For buy limit orders, the order will execute only at the limit price or lower. For sell limit orders, the order will be executed only at the limit price or higher. Limit orders allow you to better control the prices you trade.
Market Order: A market order tells your broker that you want to buy the next available shares of AMC, no matter how the market moves. When you place a market order, you won’t specify a price that you’d like your order to execute. Your broker will fill the order as soon as it’s possible to do so. Market orders give you less control over what you pay per share of AMC.
Stop-Loss Order: A stop-loss order is an order placed with a broker to buy or sell a stock once the stock reaches a certain price. This order can limit your loss on a security position. For example, setting a stop-loss order at 10% below the price at which you bought AMC stock will limit your loss to 10%.
Stop-Limit Order: A stop-limit order combines a limit order and a stop-loss order. When you place a stop-limit order, you specify both an upper limit price and a lower stop price. When you buy AMC, you might set a limit price of $190 and a stop price of $185. Let’s say the cost rises above $190. Your stop-limit order converts to limit order and your broker fills the order as long as you can purchase AMC for $190 a share or less. If the price rises above $190, your broker will stop filling the order.
- Execute Your Trade
Execution is simply the completion of a buy or sell order for a security. But it’s important to remember the execution of an order occurs when it is filled, not when you — the investor — place it.
Recommended Online Stock Brokers
E*TRADE is an online discount trading house that offers brokerage and banking services to individuals and businesses. One of the first brokers to embrace online trading, E*TRADE not only survived both the dot-com bubble and Recession — it thrived. You can choose from two different platforms (one basic, one advanced). E*TRADE is a suitable broker for traders of most skill levels, whether you want to buy mutual funds and hold them for decades or dabble in options swing trading. E*TRADE offers a library of research and education materials to help you out.
- Active traders
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Webull, founded in 2017, is a mobile app-based brokerage that features commission-free stock and exchange-traded fund (ETF) trading. It’s regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).
Webull offers active traders technical indicators, economic calendars, ratings from research agencies, margin trading and short-selling. Webull’s trading platform is designed for intermediate and experienced traders, although beginning traders can also benefit.
Webull is widely considered one of the best Robinhood alternatives.
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Moomoo is a commission-free mobile trading app available on Apple, Google and Windows devices. A subsidiary of Futu Holdings Ltd., it’s backed by venture capital affiliates of Matrix, Sequoia, and Tencent (NASDAQ: FUTU). Securities offered by Futu Inc., regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).
Moomoo is another great alternative for Robinhood. This is an outstanding trading platform if you want to dive deep into smart trading. It offers impressive trading tools and opportunities for both new and advanced traders, including advanced charting, pre and post-market trading, international trading, research and analysis tools, and most popular of all, free Level 2 quotes.
Get started right away by downloading Moomoo to your phone, tablet or another mobile device.
- Cost-conscious traders
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- Free Level 2 market data for all users who open an account
- Commission-free trading in over 5,000 different stocks and ETFs
- Over 8,000 different stocks that can be sold short
- $0 contract fee for trading options, no commission either
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Cobra Trading is a direct access broker focused on access to short opportunities and order execution. Cobra has multiple short locate sources, giving traders access to the best short opportunities in the market. Cobra Trading also specializes in offering comprehensive, responsive customer service throughout the trading day. We recommend Cobra Trading to high-volume traders and short sellers.
- Short Sellers
- Day Traders and Scalpers
- Traders who are tired of using a “Big Broker”
- Affordable commissions
- The DAS Platform
- Excellent customer service
- No trading under 25K
- Not a self-clearing firm
Charles Schwab is a solid choice for traders of all skill levels. It offers full access to the U.S. equity and options markets as well as 30 international markets. Traders can create a diverse portfolio with $0 commissions and no account minimums. Schwab’s margin trading is expensive but Schwab makes up for it with affordable futures and options trades, along with a comprehensive mobile offering.
- 3 trading platforms perfectly in sync makes matching your platform to your skill level a snap
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- $0 account minimum means anyone can start trading
- Wide range of available assets to trade, including futures and 30 global markets
- SmartStreet Edge platform is powerful enough for advanced traders, yet easy enough for new traders to utilize
- Unique educational resources (like infographics and podcasts) make learning fun
- Margin rates are more expensive than competitors
- More limitations on available margin than competitors
- Expensive mutual funds
Robinhood is the broker for traders who want a simple, easy-to-understand layout without all the bells and whistles other brokers offer. Though its trading options and account types are limited, even an absolute beginner can quickly master Robinhood’s intuitive and streamlined platform. On the other hand, more advanced traders might be frustrated by Robinhood’s lack of technical analysis tools, a feature that’s now nearly universal across other platforms.
- Beginner traders
- Mobile traders
- Streamlined, easy-to-understand interface
- Mobile app with full capabilities
- Can buy and sell cryptocurrency
- Almost no trading analysis tools available
- Only taxable brokerage accounts available
- No option to open a retirement account
- No access to mutual funds, forex or futures trading
- Limited customer service
AMC Stock History
AMC Entertainment Inc. delivers the highest revenue-producing and entertaining movie-going experience in the world through its American Multi-Cinema Inc. subsidiary. A few highlights:
- AMC was incorporated in 1968 but the business began in 1920 by a struggling actor working for a traveling tent show.
- During the 1920s and 1930s, a few theatres opened in the Kansas City area.
- In 1999, AMC ran 200 theaters with 2,800 screens in 23 states.
- AMC generated annual ticket sales of nearly $1,030 million in 2000.
AMC Entertainment Inc. is now the largest movie theater chain in the world and just raised $917 million of new equity and debt capital, according to the company’s newest SEC filing. Around $500 million of this fundraising came from new common shares issuance.
Pros of Buying AMC Stock
Shares of AMC Entertainment soared in early 2021. And since December 2020, it has raised more than $900 million in financing. AMC CEO Adam Aron said these funds could support the company well into 2021 — despite the financial losses of the pandemic.
Reddit’s Wall Street Bets has rallied around AMC, and that resulted in the Twitter hashtag #SaveAMC. The Reddit community has drawn attention to stocks and turned those prices around before. Wall Street Bets users played the market and pushed GameStop’s stock up to nearly 3 times its average. The same group has given attention to BlackBerry as well.
Rallies around investments like GameStop and AMC are driven by individual retail investors. Invest in AMC and you could be a part of what a Reddit user has dubbed “a war for the redistribution of wealth.” You might also take part in a rebound of the movie theater industry as filmmakers and studios push for theater releases, ticket sales, etc.
A recent lawsuit filed by actress Scarlett Johansson against Disney for breach of contract related to streaming of a movie intended for a theatrical release might push distributors back to movie theaters—thus favoring corporations like AMC.
Cons of Buying AMC Stock
Some experts highlight the short-term hype of AMC stock’s increase. AMC hasn’t had strong revenues and unfortunately, its decline began before COVID-19. AMC stock plunged to around the $2 range in mid-January, then quickly jumped above $3. Why did the stock price jump? It sold debt notes to bring in some capital.
Just last year, AMC Entertainment admitted that it would run out of cash soon and projected to deplete its debt reserves in 2021. Moreover, the company conceded that it might have to consider bankruptcy.
It’s important to consider the reasons AMC’s stock rose — and it’s not due to excellent underlying financials. If you’re in it for the long haul, beware.
Are You Buying AMC Stock Now?
AMC is having its moment, but it’s also been around for more than a century. While it’s tough to bet on whether AMC is destined for long-term gains, anything is possible. Connect with an online brokerage and buy AMC stock today if you want to pocket some short-term success. Watch stocks like AMC carefully because you can use them to increase your net worth with a quick purchase and sale, or you might build wealth while holding onto a stock that could continue growing in the future.
Related content: HOW TO BUY GAMESTOP (GME) STOCK
Turn to Webull
0 Commissions and no deposit minimums. Everyone gets smart tools for smart investing. Webull supports full extended hours trading, which includes full pre-market (4:00 AM - 9:30 AM ET) and after hours (4:00 PM - 8:00 PM ET) sessions. Webull Financial LLC is registered with and regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). It is also a member of the SIPC, which protects (up to $500,000, which includes a $250,000 limit for cash) against the loss of cash and securities held by a customer at a financially-troubled SIPC-member brokerage firm.