What's Going On With AMC Entertainment Stock Getting Hammered Today?

AMC Entertainment Holdings Inc AMC shares are trading lower by 8.31% to $6.24 Tuesday morning. The stock is falling potentially amid profit-taking following Monday's rally in high-short interest stocks. AMC also saw company-specific news as shares ran higher Monday after the company revealed it is planning to price theater tickets based on where its customers are seated during the movie.

What Happened With AMC Monday?

Our Benzinga team on Monday reported the Leawood, Kansas-headquartered company has come up with three tiers of seats it is calling “Sightline.”

The Sightline rollout will begin on Friday and will see seats classified as "value," "standard" and "preferred," according to a statement released by AMC.

AMC said that its “most loyal moviegoers” or A-list members would have their Preferred Sightline premium waived for all reservations...Read More

AMC, among other meme stocks, has seen marked, continued short squeeze volatility throughout 2023. According to data from Benzinga Pro, AMC stock has a total share float of 515.718 million, of which 113.440 million shares are sold short, representing 22.00% of shares sold short.

AMC has a 52-week high of $34.33 and a 52-week low of $3.77.

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