Copyright Benzinga
AMC Entertainment Holdings Inc (NYSE:AMC) shares are trading higher Wednesday afternoon. The stock has held steady following last week’s third-quarter earnings report that surpassed revenue expectations despite a wider net loss. Additionally, Roth MKM analyst Eric Handler on Wednesday reportedly maintained a Hold rating on the stock with a $3 price target. AMC is in a challenging position. Follow the breaking news here. What To Know: The movie theater chain last week reported revenue of $1.3 billion, exceeding the Street consensus of $1.23 billion, though the company’s top-line results were down 3.6% year-over-year. While AMC posted a net loss of $298.2 million, primarily driven by non-cash charges from a “transformative” July debt refinancing, adjusted EBITDA landed at $122.2 million. CEO Adam Aron highlighted operational strengths, noting an all-time record admissions revenue per patron of $12.25. Strategic wins included a partnership with Taylor Swift, which generated over $50 million in box office receipts. Looking ahead, Aron projected the upcoming fourth quarter would be the “highest-grossing fourth quarter in six years,” driven by a strong film slate including “Wicked” and “Avatar: Fire and Ash.” The company closed the quarter with $365.8 million in cash after successfully redeeming its 2026 debt maturities. Benzinga Edge Rankings: Benzinga Edge stock rankings currently assign AMC a Growth score of 33.30 and a Momentum score of 11.60. AMC Price Action: AMC Entertainment Hldgs shares were up 1.63% $2.47 at the time of publication on Wednesday. The stock is trading near its 52-week low of $2.36, according to Benzinga Pro data. Read Also: Goldman Sees S&P 500 At 9,000 By 2030—But The Real Boom Lies Elsewhere How To Buy AMC Stock By now you're likely curious about how to participate in the market for AMC Entertainment – be it to purchase shares, or even attempt to bet against the company. Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share. If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline. Image: Shutterstock
