American Multi-Cinema (more commonly known as AMC) is traded on the New York Stock Exchange (NYSE) in the US.
As a Canadian investor, you can buy this stock on Canadian trading platforms. However, it is worth monitoring the USD/CAD exchange rate to determine the currency impact of your investment decisions.
There are a few simple steps you can follow to add the American Media Company to your stock portfolio from the comfort of your own home!
1. Select a suitable trading platform
The first step to buying AMC shares requires you to make a decision on the trading platform you would like to use.
2. Create an Account
Once you have selected the platform you would like to trade with, you have to open an account with that platform.
3. Select the company you want to invest into
Once you are familiar with your chosen brokerage’s interface, you will need to enter the stock ticker (NYSE:AMC) or you may also be able to write out the full (AMC Entertainment Holdings, Inc.) or partial name (AMC) of the stock.
4. Choose your order type and the number of shares you want to buy
At this stage, you will also need to select your order type.
5. Execute the trade
The last step is to execute the trade by pressing the ‘Buy’ button and once the transaction is complete, your order is said to be ‘filled’.
How Many AMC Shares Should I Buy?
The number of shares you should buy is dependent on your own personal financial profile and portfolio size, investing strategy and risk tolerance. Your investment criteria may differ entirely from your neighbour’s, and there is no single right answer.
For example, you may already own shares of another theater chain.
In this case, you should consider whether you want to add AMC shares, replace the existing shares with AMC stock or keep them as they are.
Similarly, if you are a passive investor, then you might want to find ETFs or mutual funds that hold AMC stock rather than owning the stock yourself.
Another consideration is that theater stocks are often dependent on blockbuster movie releases. If you have confidence in the upcoming pipeline of new movies, it is worth buying into the stock. However, if you feel that the slate of movies in the near term is lackluster, then you may choose to skip this stock.
It is also important to do your research on AMC to understand their strategy and operations.
Since the company is publicly traded, you can find a lot of good information in their most recent annual report or quarterly filings which contain comprehensive insight into the business’s history, recent financial results, growth plan, risks, and more.
You can check out AMC’s Investor Relations page to find various filings, press releases, and presentations that will help you better understand the company.
This information can also help inform your decision on the number of shares you want to buy.
AMC Company Overview
AMC is primarily engaged in the theatrical exhibition industry with operations across the US and international markets including Denmark, Finland, Germany, Ireland, Italy, Norway, Portugal, Saudi Arabia, Spain, Sweden and the UK.
Employing 17,000 people across the world, AMC owns, operates or has interests in 946 theaters with a cumulative total of 10,562 screens as per its most recent annual report.
As the world’s leading theater exhibition market player, AMC’s strategy is multi-pronged. Most importantly, the company is focused on driving customer engagement and foot traffic through advancements in digital technology and marketing to create world-class experiences.
It is also focused on expanding organically in new markets, consolidating existing markets, and conducting M&A selectively to acquire attractive properties.
According to its most recent annual report, AMC generated $2.5 billion in annual revenues and an operating loss of $930 million.
AMC Stock Performance
Frequently Asked Questions
- Can I buy AMC stock in Canada?
Yes, you can buy AMC stock in Canada.
- Can I buy AMC stock on Wealthsimple?
Yes, you can buy AMC shares on Wealthsimple.
- Can I buy AMC stock on Questrade?
Yes, you can buy AMC shares on Questrade.
- Can I buy AMC stock on Interactive Brokers Canada?
Yes, you can buy AMC shares on Interactive Brokers in Canada.