In the past 3 years, AMC shares had big gains pre-earnings

23 February 2024, 11:55 AM

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By Dmitry Pargamanik

AMC Shares Could Increase Ahead of Earnings

  • 9 out of the last 12 times, AMC stock had a run up before earnings
  • Pre-Earnings Run Up Averaged 4.2% Gains
AMC is scheduled to report earnings on 28-Feb-2024. The last time Amc Enter Hldgs reported earnings on Nov 08, 2023, the stock dropped by -13.7% to close at $8.71. At its current price of $4.40, AMC post earnings drift is -49.5%. Typically, traders tended to bid up AMC shares (heading into earnings) prior to its scheduled release.

AMC Historical Pre-Earnings Run Up

As you can see from the table below, the data displays the percentage moves AMC had for the last 12 quarters around earnings. The 2 day run up into earnings is notable as it shows that the stock increased 75% of the time for an average gain of 4.2%. That was actually a better bullish play than holding AMC through earnings that saw a -2.1% decline.

AMC historical stock price movement before earnings

Go to AMC Historical Price Movements Around Earnings page



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