AMC shares fall 8.31% after high-short interest stock rally

AMC Entertainment Holdings Inc. shares fell by 8.31% to $6.24 Tuesday morning. The stock is falling if there is profit-taking following Monday's rally in high-short interest stocks. AMC saw company-specific news as it ran higher on Monday after the company revealed it was planning to price theater tickets based on where its customers are seated during the movie.

This chicken wings stock has a better 5 year return than Disney, Ford, Microsoft, Alibaba, Amazon,Bitcoin andEthereum.

Our Benzinga team reported on Monday that the Leawood, Kansas-based company has come up with three tiers of seats it is calling the Sightline. The Sightline rollout will begin on Friday and will feature seats classified as value, standard and preferred, according to a statement released by AMC.

AMC said that its most loyal moviegoers or A-list members would have their Preferred Sightline premium waived for all reservations. According to the data from Benzinga Pro, the AMC stock has a total share float of 515.718 million, of which 113.440 million shares are sold short, representing 22.00% of the shares sold short.

AMC has a 52 week high of $34.33 and a 52 week low of $3.77.