Why AMC Shares Are Skyrocketing Today

Why AMC Shares Are Skyrocketing Today

AMC Entertainment Holdings Inc AMC shares are trading higher by 10.80% to $9.54 Friday afternoon as the stock is mentioned as a potential short squeeze name on social media.

At the time of publication, AMC has a total share float of 515.70 million, of which 89.15 million shares are sold short, representing 17.29% of shares sold short.

The move higher in AMC shares Friday comes after the world’s second-largest movie theater chain behind AMC, Cineworld Group, filed for bankruptcy, the Wall Street Journal reported...Read More

See Also: Why NIO Shares Are Rising

According to data from Benzinga Pro, AMC has a 52-week high of $32.73 and a 52-week low of $6.01.

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