| Previous Close | 5.70 |
| Open | 5.93 |
| Bid | 5.89 x 2900 |
| Ask | 5.90 x 1100 |
| Day's Range | 5.79 - 6.25 |
| 52 Week Range | 1.91 - 20.36 |
| Volume | 36,891,298 |
| Avg. Volume | 126,799,841 |
| Market Cap | 1.975B |
| Beta (5Y Monthly) | 1.45 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -34.82 |
| Earnings Date | Feb 25, 2021 - Mar 01, 2021 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | Mar 06, 2020 |
| 1y Target Est | 2.51 |
In 2021, it's been retail investors who have disrupted the stock market. Short-term-focused and emotion-based traders on Reddit's WallStreetBets chat room, along with an army of Robinhood retail investors, have descended on dozens of heavily short-sold companies or penny stocks in an effort to send their share prices skyrocketing. No marijuana stock is flashing more warning signals at the moment than Canadian licensed producer Sundial Growers (NASDAQ: SNDL).
On CNBC's "Options Action," Mike Khouw spoke about options strategies investors could use for AMC Entertainment Holdings Inc (NYSE: AMC). The company is going to report earnings this week and the options market is expecting a move of around 14% in either direction. The stock normally moves around 8%. Because of high implied volatility, Khouw wants to sell credit spreads in the name. He advised bearish investors to sell the April 1, $5.5/$6.5 call spread for a credit of 40 cents. The trade starts to lose money above $5.90 and it can maximally lose 60 cents. For bullish investors, Khouw recommended the sale of the April 1, $5.5/$4.5 put spread for 50 cents. The trade breaks even at $5 and it can maximally lose 50 cents. See also: How to Buy AMC Stock Carter Worth of Cornerstone Macro shared his technical analysis for the stock. When the stock breaks out above the trendline and it overshoots like AMC did, it typically trades back to the trendline, said Worth. That implies a decline to around $4. See more from BenzingaClick here for options trades from Benzinga'Fast Money' Picks For February 22: Cheniere Energy, FedEx And MoreCarter Worth And Mike Khouw's XME Trade© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
It's only February, but 2021 has already held a year's worth of excitement for AMC Entertainment (NYSE: AMC) shareholders. The movie theater operator limped into 2021 with CEO Adam Aron previously having said that the company might be forced to declare bankruptcy if it could not raise enough capital. Despite its challenges, a number of investors are hopeful that AMC can bounce back from the pandemic over the next year.