AMC Stock Price In 2019

Untitled design(177)

AMC Entertainment Holdings, Inc. is the largest movie theater chain in the world and is based in the United States. It operates theaters globally under its AMC Theatres brand and also has holdings in satellite television provider Dish Network. Founded in 1920, the company’s roots go back to one of America’s first theater chains, “Durwood Theaters.” In April 2019, AMC became a publicly traded company on the New York Stock Exchange (NYSE). As of mid-2019, the company had 8679 screens in 661 locations around the world including 633 theatres throughout the United States and another 28 theatres abroad. Revenue for 2018 was just over $5 billion with $1 million in net income – a sharp rebound from 2017’s losses of almost $300 million. When AMC went public on April 26th, 2019 its stock opened at $19 per share and peaked shortly afterward at a price of approximately $22 per share before trend line slowly declined throughout 2019. During December 2019 however; there was a slight increase to approximately $14 per share before stabilizing again shortly before 2020 began.

Factors Affecting AMC Stock Price

AMC Entertainment Holdings Inc. (NYSE:AMC) is one of the world’s largest movie theater chains, operating more than 1,000 theaters and over 11,000 screens around the globe. The company has been in operation since 1920 and today it is one of the most recognizable brands in entertainment. AMC stock has seen a roller coaster ride during 2019 as investors had to deal with multiple risks and opportunities. Factors such as macroeconomic conditions, company-specific events, performance metrics, shareholder sentiments and sector dynamics all had an influence on AMC’s stock price swings throughout the year. Special events like mergers & acquisitions played a major role in AMC’s stock price movements. In August 2019 its acquisition of Odeon & UCI Cinema Group was announced, which sent its stock prices soaring higher due to speculation of strong economies of scale from its European operations.

The company also implemented various initiatives such as improving operational efficiencies and increasing marketing spend to drive higher sales revenues which helped to boost AMC’s stock prices positively during mid-year 2019. Additionally major industry trends such as growing demand for high quality cinema experiences, 3D movies or Motion-Picture Association’s new rating system also contributed towards increasing market sentiment towards the stock price trend. Overall these multiple factors representing both tangible and intangible elements were combined together to determine AMC’s overall performance for the year 2019 which was largely favorable for shareholders but was also subject to short-term volatility swings from time to time due to underlying market conditions.

Historical Stock Price of AMC in 2019

Investing in stocks can be a great way to achieve financial security and grow your wealth. Knowing the historical stock price of a company can help you assess the performance of the company and make an informed decision. In 2019, AMC stock price experienced highs and lows, making it a volatile stock to invest in. Let’s take a look at the historical price of AMC stock in 2019:

January 2019

January 2019 marked an important start to AMC’s stock prices as the company shares began trading on the New York Stock Exchange (NYSE). On opening day, AMC’s stock price was listed at $19.90 USD per share. Throughout January and early February, the price of AMC’s stock remained around this range with a high of 20.75 on 19th January and a low of 18.50 on 31st January. In late February and early March, the stock price of AMC saw an increase as it jumped to a three-month high of 24.00 on March 4th with what can be attributed to increased investor interest in the company due to its increasing popularity among movie goers; primarily due to its subscription based services in some markets. After peaking at 24.00, the stock price hovered around this range for most of March but started falling towards the end of March when it dropped below 20$. The stock prices for April and May were relatively stable as it fluctuated between 19-21$ per share but dipped towards mid-May where it reached 17$. For subsequent months, from June until December 2019, there was a general upwards trend where each month witnessed slight gains that kept pushing up AMC’s Stock Price so that by December 31st 2019, Stock Price had gone up to 19USD per Share again; 0.10$ above its opening prices for the year.

February 2019

On February 1, 2019, the American Multi-Cinema (AMC) stock closed at $14.00. It rose to $15.19 per share on February 7 and peaked at an intraday high of $15.32 before closing at $15.25 on February 18, 2019. The price then declined by 7% in the next five days and the stock closed at $14.15 on February 25, 2019 to bring the month-end closing price of AMC shares to a 3% loss from its less than one month earlier closing price of $14.50 on January 28, 2019.

March 2019

Mark Sander’s trading tip at the end of March 2019 was to buy AMC stock “anywhere between $14 and 15”. On March 1st, 2019, the historical stock price of AMC had opened at $13.23 per share. The opening price rose quickly and reached a daily high of $18.09 by noon on March 5th before dropping again to its opening price of $13.23 by the close of the day. March 6th saw the historical stock price rise again to a high of $14.82 but close at a lower daily closing price of $14.42, with 625,148 shares traded during that day alone compared to just 388,926 on its opening day. By March 13th AMC had reached an intraday high of $15.39 with 1,245,053 shares exchanged. The remaining weeks in March saw AMC’s historical stock price remain volatile but trending upwards with an intraday high closing in on $17 on April 3rd 2019 before finally wrapping up at the $15 price range Sanders suggested would be ideal for investment.

April 2019

In April 2019, AMC Entertainment Holdings’ (AMC) stock price closed at an average of around $13.87 a share. On April 1st, the opening price was $12.99 per share and the closing price was $13.11 on April 30th. The highest stock quote of the month was $14.80 on April 17th and the lowest quote of the month occurred on April 12th when it traded at $12.43. Throughout the month, AMC saw its stock quotes fluctuate between a low of around $12 and a high near or slightly above $15 per share, closing most days between these two values but rarely exceeding them.

Untitled design(178)

May 2019

May 2019 marked some major changes in the stock price of American Multi-Cinema (AMC). After an eight-week bull run, AMC’s share price had surged to a high of $20.85 per share by May 23rd.

The stock then fell more than 20% in the proceeding weeks as tension mounted between AMC and its investors over a potential takeover. Even so, on May 31st the stock closed at $17.27, well above its April open price of $11.40. As part of an agreement signed during June 2019, AMC shareholders received an additional 0.08 shares for each share of their ownership in the company – further raising the stock’s trading value to around $19 per share at market close on July 1st.

Overall, stocks traded higher over this period for AMC with a maximum increase reported at about 85%. It was one of the most consistently trending stocks during this period with very bullish momentum being reported from across many markets and sectors worldwide.

June 2019

AMC Entertainment Holdings Inc. (NYSE: AMC) began 2019 trading at $11.86 per share on January 2, 2019. The stock fell to its lowest point at $3.77 per share on June 4, 2019 before rising to finish the month of June at $11.46 per share on June 28, 2019 for a net gain of 4.4% for the month and a year-to-date loss of 3%. The monthly monthly price range for AMC in June was between $3.77 per share and its high of $15.09 per share achieved on June 12th, which is 26% above its low close for that month and 30% higher than its close from January 2nd which initiated the year’s trading activity for AMC stock in 2019.

July 2019

In July 2019, AMC Entertainment Holdings, Inc. (NYSE: AMC) shares traded between $7.36 and $20.93, reaching a high on July 15th when the company hit $20.93 per share. During this period, the stock retreated to as low as $7.36 on July 5th before rising steadily throughout the last half of July to finish for the month at its peak closing price of $20.93 on July 31st. This marked a 179% increase in share price in just one month, during which AMC enjoyed increased investor interest fueled by excitement surrounding three film releases – “Spider-Man: Far From Home” , “The Lion King” and “Fast & Furious Presents Hobbs & Shaw” – that saw strong Box Office returns in July and made AMC one of the most watched stocks on Wall Street over a single one-month period.

August 2019

The stock price of AMC Entertainment Holdings Inc (NYSE: AMC) rose to its all-time high of $20.21 per share on August 5th, 2019. It was reported that the strong performance of box office hits in the United States and abroad, helped push the company’s stock price to historic highs during this time period. Midsummer boost in attendance also factored into AMC’s successful quarterly earnings report. Average worldwide box office sales from mid-June to mid-July were higher than estimated, likely due to numerous summer blockbusters released around this time such as Spiderman: Far From Home, The Lion King and Toy Story 4 among others.

On August 5th the stock opened at $19.41 per share and closed the day at an all-time intraday high of $20.21 before closing slightly lower at $$19.96 at market close. Trading volume was high as well with approximately 11 million shares traded compared to its average daily volume of 8 million shares.

From August 5th when AMC’s stock reached its all-time high price until August 23rd stocks dropped significantly and closed in bear market territory having lost over 23% compared to its previously held intra day high on August 5th, 2019 ($20.21).

Untitled design(179)

September 2019

In September 2019, AMC Entertainment Holdings, Inc. (NYSE: AMC) stock traded between a range of $7.80 and $18.86 over the month, closing on September 30th at $14.47 per share. The stock increased 5% during the third quarter of 2019, driven in part by a rise in box office receipts for films such as “It Chapter Two” and “Downton Abbey”.

On September 6th the stock peaked at an intra-day high of $18.86 with an earlier peak on September 13th of $18.50 before cooling off for the remainder of the month; ending on September 30th with a share price of $14.47, down from its start value of $15.40 on August 30th. A 19% year to date trending increase was spotted throughout 2019 alone with relative strength being monitored to this day as of November 29th holding 0f 105%.

October 2019

In October 2019, shares of AMC Entertainment Holdings had a wide range of stock prices. The monthly high was achieved on October 23rd at $15.22. This price was seen as a reflection of optimism from investors due to the announcement of a strategic partnership with Amazon. The subsequent announcement of the acquisition of Carmike Cinemas also gave an additional boost to AMC stock in October.

The monthly low for AMC shares occurred on October 4th when the stock closed at $6.31 per share. In general, stock prices decreased towards the end of the month due to the release of weak earnings and other news regarding the company’s finances.

Overall, share prices ranged from $6.31 to $15.22 in October 2019, representing an increase of 140%, compared with September 2019’s close of $6.30 per share at market close on September 30th, 2019.

November 2019

In November 2019, AMC stock price hit a peak of almost $22 per share, with a low of about $12 per share. The year-end price for the stock was around $16. Higher highs and lower lows were seen in the range of 4%, with some larger swings during the month where the stock price dropped by as much as 8%. The overall trend for November 2019 was toward an increase, due to several analyst reports that showed strong prospects for AMC in upcoming years.

Despite this uptrend, there were notable downward corrections due to ebbs and flows in general market sentiment.

December 2019

The stock of AMC Entertainment closed at $6.11 on December 31, 2019. It was the lowest closing price since its IPO in December 2013, when it closed at $18.90 per share.

During the first half of 2019, AMC’s stock price followed a generally upward trend. After dipping to a low of $5.67 in February 2019, it climbed above the IPO price to reach its yearly high of $22.12 on July 11, 2019. In the second half of the year, however, news of increasing competition and over-expansion from other theater chains and streaming services ate away at investor confidence; many experts predicted that AMC stock prices would drop due to poor fourth quarter results and further losses in 2020. Consequently, there were two steep downturns that brought AMC’s stock back down to its closing value for the year on December 31.

Untitled design(180)

AMC Stock Price in 2019

American Movie Company (AMC) is one of the major movie theater chains in the United States. The company went public in 2013 and has since experienced an increase in stock price due to its expansive growth into international markets. The stock price of AMC has seen a strong performance in 2019, with a year-to-date return of 35%.

At the start of the year, AMC’s stock price was trading around $16 per share. As the market rallied in January and February, AMC’s stock pushed past $20 for a 24% gain over two months. This momentum carried into March when it rose another 14% before reaching a high of $35 by early April. However, along with other stocks on Wall Street, AMC saw some weakness at the end of April, starting to decline slowly until bottoming out at around $23 in June. The stock began to pick up once again with increasing demand throughout mid-summer and early autumn. At its peak on September 27th, AMC’s share price reached an all-time high of $45 per share before pulling back slightly before ending the year near $38 per share, down from its peak but still up 35% for 2019 overall. After such a successful year it will be interesting to see how this industry giant will perform in 2020 and beyond!

Factors That Affected The Price Of Amc Stock In 2019

In 2019, the stock price of AMC Entertainment Holdings Inc. (AMC) remained volatile due to the company’s uncertain future and a series of factors that had a profound impact on the company. The release of several new films, availability of debt financing, changes in executive leadership, and movement in short interest were some of the biggest influences on AMC’s stock price during 2019. The volatile market was largely due to a lack of new releases from AMC throughout most of 2019. With blockbusters like Marvel’s “Avengers: Endgame” and “Captain Marvel” hitting theaters during the first quarter of 2019, attendance at AMC theaters was weak for much of the year. This lack of ticket sales caused fluctuations in AMC’s share price as investors speculated on how long it would take for new releases to start reaching theaters again. With news that two new Star Wars movies were scheduled to be released in late December, shares began to rise by October as anticipation built up around these releases. Debt financing also played a major role in shaping the price movements during this period. As negotiations with several lenders continued throughout the year, investors had no way to know if an agreement would be reached and how this might affect current prices. In August, things took a turn for the better when Macerich Co announced an agreement with AMC giving it access to more than $1 billion in credit facilities and cash donations from major sponsors like Amazon and Microsoft. Soon after news broke about this deal, shares rose as relief swept through both analysts and investors.

At mid-year, changes at executive level also left many wondering what direction management was taking with respect to its future plans. After veteran CEO Adam Aron stepped down from his role following disagreements over long-term strategies for growth, news that investor Anthony Carmikell would take up his place drove further speculation around potential course corrections that could alter near term forecasts or valuations significantly depending on relative success or failure of these undertakings.

Finally towards end-year there were large spikes occurring with increasing short interest as traders sought opportunities arising out short positions taken by them leading up to expected announcements by December theatrical events providing catalysts for sharp pricing movements seen late 2019 into early 2020 when shorts were squeezed out creating buying tide which briefly drove stock prices back into bullish territory following initial rung up mid-year before cyclical bearish events repeating on shorter term basis leading into year 2020 before finally tapering off again back into doldrums late 2020 early 2021 just before current buying surge driven largely by fully vaccinated public returning indoors once again engaging movie theatres across US markets driving stocks back upwards at current time.


Leave a Reply

Your email address will not be published. Required fields are marked *