Is AMC going up today
9/3/2024 10:17pm
**AMC Entertainment Holdings (AMC) is not expected to go up significantly today.** Here's the analysis:
1. **Recent Performance and Analyst Ratings**: AMC has been underperforming, with a 5.01% loss on Wednesday and a 1.69% rise on Thursday. The stock is trading below its 50-day moving average of $5.04, which could indicate a bearish trend.
2. **Institutional Activity**: Institutional investors have made changes to their positions, with some increasing holdings and others reducing them. However, the overall institutional interest in AMC remains significant.
3. **Earnings Estimates**: The company's earnings estimates for the current quarter and fiscal year show a loss per share, which could be a concern for investors.
4. **Market Sentiment**: The sentiment around AMC is bearish, with a "Sell" rating from analysts and a projected price target that is lower than the current price.
In summary, while there is some institutional activity and upcoming earnings reports, the recent performance and market sentiment suggest that AMC is not likely to experience a significant upward trend today.