AMC Entertainment Holdings, Inc. ( AMC ) shares are trading lower Monday on continued downward momentum after the company announced a $250 million stock offering last week. Here's a look at what's going on. 

What To Know:

AMC said it intends to use the net proceeds from the offering to bolster liquidity and to repay, refinance, redeem or repurchase its existing indebtedness as the company attempts to recover from the Screen Actors Guild and Writers Guilds strikes which resulted in additional cash burn for the company last year. 

AMC shares hit a new all-time intraday low of $3.26 per share while dropping on heavy trading volume Monday. According to data from Benzinga Pro, more than 23.76 million shares have already been traded in the session, compared to the stock’s 100-day average of 14.454 million shares.

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Is AMC A Good Stock To Buy?

Wall Street analysts view AMC Entertainment Holdings ( AMC ) on the whole as a Neutral, given the history of coverage over the past three months. Eric Wold from B. Riley Securities in AMC Entertainment Holdings ( AMC ) is the most bearish, expecting a 20% fall in the stock in the coming year.

But looking at how the market as a whole thinks of the stock, you can reference historical price action for views on whether investors feel strongly about the stock one way or another. In the past 3 months, AMC Entertainment Holdings ( AMC ) fell 45.45%, which indicates that opinion soured on the business and how attractive it is to own based on either its stock price, or underlying fundamentals, like revenue, which rose 11.41% over the past year.

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AMC Price Action: According to Benzinga Pro, AMC Entertainment ( AMC ) shares are down 11.2% at $3.30 at the time of publication Monday.

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