Jul 19, 2022 - Jack Dalton
As we have seen over the past couple of years, there were a good handful of "Social Sentiment Stocks" like GME and AMC that skyrocketed based almost solely on social sentiment. As a result of this, many people have started to pay attention to the social sentiment behind stocks.
Out of the several Amc entertainment holdings, inc. (AMC) stock discussions available for investors to share their opinions and discuss their favorite stocks, there are 2 stock discussion forums that influence AMC's social sentiment more than any others. These 2 stock discussion forums include AMC Stocktwits and AMC Twitter.
The Utradea Social Sentiment Dashboard allows you to track real-time trends and insights for Amc entertainment holdings, inc. discussions, and Amc entertainment holdings, inc. conversations.
Here are the latest analytics from the AMC Stocktwits forum (over the last 24hrs):
Over the past 24 hours, it has been announced that Hycroft Mining ($HYMC) will be launching their largest (and only) exploration project since 2014. The reason why this is having an impact on the AMC stock is due to the fact that AMC has a 22% stake in the HYMC stock.
Hycroft's exploration project will take place in Northern Nevada, and their land is said to be a “geologist's dream”, which HYMC believes will create a “golden opportunity” (quite literally). This is due to the fact that a Hycroft technical report previously disclosed that their mine has an estimated 9.6 million ounces of gold and 446 million ounces of silver.
Naturally, this news had AMC investors excited, which caused them to unload this excitement into the AMC Stocktwits community, which helped them experience a large increase in their social sentiment. This type of increase is very uncommon for AMC as they are already a stock that relies on social sentiment, and thus has a larger regular sentiment (harder to have big increases).
Here are the latest analytics from the AMC Twitter community (over the last 24hrs):
Overall, the social sentiment in the AMC twitter community looks to be very similar to that of the AMC Stocktwits community. This makes a lot of sense due to the fact that they are both reacting to the Hycroft news. You might have noticed that the AMC Twitter community has less than 2x the posting volumes but is able to fetch 10x the amount of impressions as the AMC Stocktwits community does. Naturally, you might be wondering "why is this?", well, to get a better explanation we can look at large Twitter accounts that are posting about the AMC stock.
Here is a count of “whale” accounts that are active on AMC Twitter (over the past 72 hrs):
if each of these accounts just posted once it would represent just 387 tweets, which is only 4.6% of the posting volume within the AMC Twitter community. However, if you were to take the minimum amount of accounts they reached (minimum follower count) you would arrive at 6.43M impressions, which represents 32.5% of AMC's total impressions on Twitter.
Overall, investors are very active on the AMC Stocktwits and AMC Twitter Forum. Being able to quickly gain insights into a stock's social sentiment has proven to be beneficial for modern investors. We suggest getting familiar with the Utradea Social Sentiment Dashboard, as it is a quick way to stay up-to-date with social sentiment across a wide variety of stocks.