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AMC Entertainment Holdings Stock Forecast: AMC the sequel is better than the original, but RSI warnsNEWS |
5/28/2021 9:17:35 AM GMT | By Ivan Brian
AMC rises a staggering 35% on Thursday to a four-year high.
AMC saw a huge surge in volume as it took over the NYSE.
The cinema company now has a market cap of $11.9 billion.
Poor old Dalian Wanda selling out of nearly their entire AMC stake a tad early then. Chinese conglomerate Dalian Wanda Group had been one of the biggest shareholders in AMC, but it was reported last week that Dalian has sold virtually all of its shares, with just a tiny residual holding left. They left a bit behind them given the surge in AMC shares this week alone. The shares nearly reached the moon on Thursday, breaking all resistances on the way to a staggering 35% gain and confounding market watchers in the process. AMC took over the New York Stock Exchange on Thursday, outstripping such luminaries as Amazon,