Why AMC Shares Are Popping Off Today

AMC Entertainment Holdings Inc AMC shares are trading higher by 7.89% to $18.19 Wednesday afternoon on continued strengh in anticipation of the company's Thursday second-quarter earnings report. CEO Adam Aron in early July alluded to a potential "pounce" on short sellers.

The AMC CEO in July noted via Twitter that he keeps getting asked: "Wen pounce?".

"Know this: 1. I always keep my word. 2. I’ve said publicly a pounce would not happen before Second Quarter 2022 earnings are announced. 3. Press release issued today that Q2 earnings to be announced on Thurs, August 4. Read between those lines," Aron said via tweet... Read More

According to analyst consensus estimates, AMC is expected to report revenue of $1.16 billion on an EPS of 19 cents.

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According to data from Benzinga Pro, AMC has a 52-week high of $52.79 and a 52-week low of $9.70.