As of Wednesday close, AMC Entertainment Holdings Inc.’s (NYSE:APE) stock was up $0.01, moving up 0.47 percent to $2.12. The average number of shares traded per day over the past five days has been 50,783,480 shares. 4 times new highs have been achieved over the past 5 days, with a $0.39 gain in that time frame. In the last twenty days, the average volume was 26,540,320, while in the previous 50 days, it was 19,613,143.
Since last month, APE stock rose 15.22%. Shares of the company fell to $1.63 on 07/24/23, the lowest level in the past month. Since the beginning of this year, APE’s stock price has risen by 50.35% or $0.71, and marked a new high 15 times. However, the stock has declined by -79.81% since its 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
APE stock investors should be aware that AMC Entertainment Holdings Inc. (APE) stock had its last reported insider trading activity 50 days ago on Jun 28. Antara Capital LP, the 10% Owner of the company, disposed of 7,993,400 shares for $1.73 on Jun 28. It resulted in a $13,815,317 divestment by the insider. Antara Capital LP sold 3,573,030 shares at an average price of $1.79 on Jun 27. The insider now owns 101,905,306 shares following the transaction. On Jun 26, 10% Owner Antara Capital LP sold 2,371,887 shares at $1.79 apiece. The transaction was valued at $4,245,678.
Technical Picture
This quick technical analysis looks at AMC Entertainment Holdings Inc.’s (APE) price momentum. With a historical volatility rate of 74.79%, the RSI 9-day stood at 79.34% on 16 August.
With respect to its five-day moving average, the current AMC Entertainment Holdings Inc. price is up by +22.54% percent or $0.39. At present, APE shares trade +12.17% above its 20-day simple moving average and +46.21% percent above its 100-day simple moving average. However, the stock is currently trading approximately +34.18% above its SMA50 and -1.40% below its SMA200.
Stochastic coefficient K was 79.91% and Stochastic coefficient D was 67.10%, while ATR was 0.12. Given the Stochastic reading of 80.39% for the 14-day period, the RSI (14) reading has been calculated as 72.47%. As of today, the MACD Oscillator reading stands at 0.23, while the 14-day reading stands at 0.25.
Analyst Ratings
AMC Entertainment Holdings Inc. (APE) has been rated Underweight by analysts. According to 5 brokerage firms, APE is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate AMC Entertainment Holdings Inc. stock as buy, with 0 recommending it as overweight.
With a median target price of $1.83, the current consensus forecast for the stock is $0.50 – $4.50. Based on these forecasts, analysts predict AMC Entertainment Holdings Inc. (APE) will achieve an average price target of $2.27.
