New Lifetime High Reached: AMC Networks (AMCX)

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Trade-Ideas LLC identified AMC Networks ( AMCX) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified AMC Networks as such a stock due to the following factors:

  • AMCX has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $38.5 million.
  • AMCX has traded 43,197 shares today.
  • AMCX is trading at a new lifetime high.

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More details on AMCX:

AMC Networks Inc. owns and operates various cable television's brands delivering content to audiences, and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, National Networks, and International and Other. AMCX has a PE ratio of 21.1. Currently there are 7 analysts that rate AMC Networks a buy, no analysts rate it a sell, and 6 rate it a hold.

The average volume for AMC Networks has been 619,200 shares per day over the past 30 days. AMC has a market cap of $4.6 billion and is part of the services sector and media industry. The stock has a beta of 1.22 and a short float of 5.8% with 7.30 days to cover. Shares are up 20.2% year-to-date as of the close of trading on Thursday.

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