What's Going On With AMC Stock Today?

AMC Entertainment AMC shares are trading higher amid strength in GameStop GME, which reported strong Q4 results. Both stocks have high interest from retail investors on social media.

What To Know: AMC is moving up after GameStop reported better-than-expected quarterly earnings and sales. GameStop stock is skyrocketing on Wednesday and is up nearly 40%. The two stocks often move together due to the online social media popularity of heavily shorted stocks perpetuated through Reddit’s r/wallstreetbets, which started a massive short squeeze in 2021.

Read Also: Why GameStop Stock Is Rocketing Higher

GameStop Results: GameStop turned a surprise profit of $0.16 per share, compared to the analyst expectations of $(0.13) per share. The company reported quarterly sales of $2.23 billion, compared to the analyst expectations of $2.18 billion, representing a positive sales surprise of approximately $50 million.

AMC is the largest movie exhibition company in the United States, the largest in Europe, and the largest throughout the world with approximately 950 theatres and 10,500 screens across the globe.

According to data from Benzinga Pro, AMC Entertainment stock was up 4.08%, trading at $4.58 at the time of publication. The stock has a 52-week high of $34.33 and a 52-week low of $3.77.
Image Courtesy of AMC Entertainment