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Here's Why AMC Shares Are Popping Off

Benzinga Real-time News · Mar 22, 2022 14:00

AMC +3.96%

AMC Entertainment Holdings Inc (NYSE:AMC) shares are trading higher by 10.1% at $17.48 amid an increase in retail investor interest.

AMC's average session volume over the trailing 100 trading sessions is 43.925 million, according to data from Benzinga Pro. Volume for Tuesday's trading session has reached 38.705 million at publication time. AMC is also trending across social media platforms and is the top-trending ticker on StockTwits.

AMC may also be experiencing a short squeeze. AMC has a total share float of 515.00 million, of which 101.33 million shares are sold short, representing 19.68% of shares sold short.

Shares of retail-favorite GameStop Corp. (NYSE:GME) are also trading higher by 25.0% at $117.60 Tuesday afternoon on heavy volume amid an increase in retail investor interest.

See Also: Is Tesla 'About To Have A Big Run'? Why Jim Cramer Says EV Stock Could Lead The Market Higher

AMC has a 52-week high of $72.62 and a 52-week low of $8.31.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeline for any particular purpose of the above content.

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Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd.，Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc., and Moomoo Securities Malaysia Sdn. Bhd. are affiliated companies.

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