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AMC Stock Price (NYSE: AMC) surges 62% in After hours trading session.
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AMC Entertainment Holdings Inc quarterly earnings are scheduled on August 10, 2023.
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AMC’s share price is expected to open a gap up in the regular session near $7.00.
AMC Stock Price (NYSE: AMC) shot up 62% in the after-hours trading session. The regular trading session on Monday is expected to open a gap up near $7.00 which will force short sellers to exit.
AMC share price closed the previous session below the 50-day and 200-day EMA showcasing downtrend. However, the recent gap-up open is expected to reverse the short-term trend in favor of bulls.
AMC Entertainment Holdings scheduled the next quarter earnings on August 9, 2023. Market analysts estimate an EPS of -0.036 and revenue of $1.267 Billion. If the AMC business performed well in the previous quarter then financials might improve.
If the company succeeds to meet the estimates then the momentum migh
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