What's Going On With AMC Entertainment Stock?

AMC Entertainment Holdings, Inc. AMC shares are trading higher Monday. The stock is up over 17% over the last month amid the "Barbenheimer" movie phenomenon and renewed interest in "meme" stocks. According to Warner Bros., the 'Barbie' movie topped $1 billion in ticket sales. 

What To Know:

On July 31, AMC announced that the company posted its “best week ever” based on admissions revenue from July 21 through July 27, setting a new AMC record for its theaters in the U.S. and also for its theaters globally.

AMC shares have grabbed the attention of retail investors and short-sellers alike. AMC is listed as one of the top trending tickers on Yahoo! Finance, and 32.32% of available shares are being sold short, according to data from Benzinga Pro.

AMC will release its second-quarter financial reports on Tuesday after markets close and will host a conference call to discuss the results at 5:00 p.m. ET the same day. The company is expected to report a loss of 5 cents per share and revenue of $1.268 billion, according to estimates from Benzinga Pro.

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AMC Price Action: According to Benzinga Pro, shares of AMC are trading 3.96% higher at $5.13 at the time of publication.

Image: agoss from Pixabay