AMC Stock - This Is A Huge Trap

AMC Stock - This Is A Huge Trap

You might be surprised to learn that 28.4% of AMC Entertainment shares are held by institutions. Furthermore, the list of institutional investors (as of June 29, 2022) includes some names that ought to be quite familiar. Vanguard: 95.18 million AMC shares, which comprise 18.42% of the outstanding shares.
BlackRock (NYSE:BLK): 51.77 million shares, or 10.02% of the outstanding shares.
State Street (NYSE:STT): 20.53 million AMC shares, which equates to nearly 4% of the outstanding shares.
Goldman Sachs (NYSE:GS): 5.98 million shares, or 1.16% of AMC’s outstanding shares.
Bank of America (NYSE:BAC): 5.42 million AMC shares, which translates to 1.05% of the company’s outstanding shares.

Consequently, AMC stock traded at a bargain-basement price of $6 in mid-October. Bear in mind, the stock’s 52-week range is $5.47 to $45.95. So, there seems to be a whole lot more room above than below. Of course, a stock that has fallen can always fall further (unless it’s at zero). Still, if AMC Entertainment posts positive earnings surprises in the upcoming quarters, there’s the potential for swift and powerful share-price appreciation. It’s apparently a bet that some big banks are willing to take – so just maybe, you could consider holding a stake.

Disclaimer: I am not a financial advisor and the topics discussed in this video are not to be taken as investment advice. Just my personal opinion being shared. Nothing more.

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