By Shariq Khan
6:26 AM UTC
AMC Entertainment Holdings, Inc. (AMC) stock gained in the pre-market after the company announced its preliminary results for the fourth quarter of 2021. AMC values at around $17.92 in the pre-market, gaining more than 11.58% from the previously closed value. At the end of the last trading session, the stock closed at $16.06. The stock volume traded in the previous trading session was around 48.45 million shares.
According to the AMC, they closed the year with their best quarter in more than two years. With outstanding EBITDA of more than $145 million, better-than-expected Operating Cash Created of more than $215 million, and a record year-ending cash position of $1.8 billion, the fourth quarter of 2021 represents a significant milestone.
AMC Entertainment Holdings reposts outstanding performance in the fourth quarter of 2021. Investors respond positively to the news and take immense interest in its stock. The price may increase in regular trading as most traders prefer to trade during the regular trading hours.
AMC Entertainment Holdings, Inc. has provided some crucial data regarding its performance and has recovered a lot since the pandemic in 2020. Last year was terrible for the business. But the last quarter of 2021 represents that the company is bouncing back and will be profitable soon.