The stock of AMC Entertainment Holdings Inc. (NYSE:APE) increased by $0.31 on Friday to finish at $2.09, up 17.27 percent. The last five days have seen an average of 27,036,189 shares of common stock traded. The average number of shares traded over the last 20 days was 20,336,227, while the average volume over the last 50 days totaled 17,113,926.
APE stock appreciated 9.29% since last month. On 07/24/23, the company’s shares reached a one-month low of $1.6300. The stock touched a high of $10.50, after rallying from a low of $0.65 in 52 weeks. The price of APE stock has risen by 48.04% or $0.6500 this year, reaching a new high 15 times. Still, the stock price is down -80.12% from the 52-week high.
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Insider Transactions
APE stock investors should be aware that AMC Entertainment Holdings Inc. (APE) stock had its last reported insider trading activity 47 days ago on Jun 28. On Jun 28, 10% Owner Antara Capital LP sold 7,993,400 shares at $1.73 each. This transaction resulted in the insider making $13,815,317. On Jun 27, Antara Capital LP sold 3,573,030 shares at a price of US$1.79. After the transaction, the insider now owns 101,905,306 shares. 10% Owner Antara Capital LP had earlier sold 2,371,887 shares on Jun 26 for $1.79 a share. The transaction was completed for $4,245,678.
Technical Picture
Here’s a quick look at AMC Entertainment Holdings Inc.’s (APE) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 76.62%, suggesting the stock is Overbought, with a 75.20% historical volatility rate.
The stochastic %K and %D were 59.05% and 47.08% respectively, while the average true range (ATR) was 0.1080. Based on the 14-day stochastic reading of 92.11%, the RSI (14) reading is 69.89%. On the 9-day MACD Oscillator, the stock is at 0.0633, and the 14-day reading is at 0.0583.
Analyst Ratings
Analysts have assigned AMC Entertainment Holdings Inc. (APE) an Underweight rating. APE is a stock that is recommended for selling by 5 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
What is APE’s price target for the next 12 months?
The current consensus forecast for the stock is between $0.50 and $4.50, with a median target price of $1.83. In analyzing these forecasts, the average price target given by analysts for AMC Entertainment Holdings Inc. (APE) is $2.27.
