Tag Archives: AMC

AMC (AMC) stock is in free fall so far this year. The theater chain hit a new all-time low on Friday, down more than 2% to close the session at $5.17 per share. The stock is down more than 15% over the past four sessions. The stock has been on a downward spiral as the company continues to issue shares, which dilutes investors’ holdings amid its looming debt. Earlier this week AMC said it “entered into a series of privately negotiated exchange agreements, under which it has issued or will… Source link

AMC stock (AMC) slid almost 8% on Monday, hitting the lowest level since the meme stock frenzy began in January 2021. Shares closed at $4.89 each. The theater operator announced that it has so far raised $162 million through the sale of its APE (APE) units, a preferred equity program launched earlier this year, and has slashed its debt obligations by approximately $180 million this year through a combination of refinancing and repurchasing part of its debt at a discount. AMC stock is down… Source link

AMC (AMC) CEO Adam Aron is preparing to go on a shopping spree if struggling theater operators begin to sell their locations amid financial struggles. “I think there’s going to be an opportunity for us to pick up theaters quite inexpensively and pick up really high-quality theaters and potentially quite profitable theaters,” Aron said on Yahoo Finance Live (video above). “Right now, because of the unique position we’re in, that we have liquidity and a lot of our competitors do not, I think… Source link

Disney (DIS): Despite reporting record full-year sales, Disney shares fell 6% in extended trading after missing on both the top and bottom lines in its fiscal fourth quarter. The company posted adjusted earnings of 30 cents a share on sales of $20.15 billion. Disney+ added 12 million subscribers during the quarter, topping estimates, but streaming losses grew to $1.5 billion, up from $630 million a year ago. Despite widening losses, CEO Bob Chapeck told investors he “still sees Disney +… Source link

Meme stocks are having a moment. Again. Shares of Bed, Bath & Beyond (BBBY), GameStop (GME), and AMC (AMC) were all surging on no news as of Monday morning, aside from renewed attention on these names from the traders on Reddit’s Wallstreetbets message board investors came to know in early 2021. According to data from Ape Wisdom, a site that tracks ticker mentions on Wallstreetbets threads, mentions of Bed, Bath & Beyond, GameStop, and AMC have surged in the last 24 hours and are the three… Source link

Investing legend Bill Gross has been dabbling in the meme stock trade, notably its two highest profile names GameStop (GME) and AMC (AMC). “I simply think that the AMC and GameStop are lottery tickets,” said the Pimco co-founder in an interview with Yahoo Finance Presents. Gross — who just penned his own memoir called “I’m Still Standing: Bond King Bill Gross and the Pimco Express” — has been betting against GameStop and AMC using options. Explained Gross, “If you can sell options that are… Source link

AMC’s (AMC) stock gained 45% on Monday. Shares closed at $29.33 each, above their highest closing level of the year in early January. The cinema chain’s CEO Adam Aron told Reuters investors should expect to see more “transformational” deals in the future. “I’d like to think there will be more third-party external M&A announcements going forward where AMC can reach for the stars and intriguing investments that have potentially attractive returns,” Aron said. Earlier this month AMC announced it… Source link

With only three trading days left in 2021, the results are in: Yahoo Finance users visited the AMC Entertainment Holdings (AMC) ticker page 194,914,925 times this year — making it the site’s top trending ticker of 2021.  Here are the top 10 tickers rounding out the list. 1. AMC Entertainment Holdings (AMC) Edging out Tesla by a cool 30 million views, it’s fitting that AMC would land on top of the heap — and not entirely surprising — in a year where retail traders arose to become an… Source link

GameStop (GME) and AMC (AMC) climbed into green territory on Tuesday after opening lower, as the overall ‘meme’ stock group has slumped recently. GameStop shares closed 8% higher while AMC gained more than 5%.  “We call them meme stocks but in essence there’s another name for them and that’s story stocks,” Market Strategist Michael Antonelli told Yahoo Finance Live., “Story stocks are usually high fast growers, high flyers, that benefit from flows and cheap money,” he said. “These story… Source link

The “AMC apes” were quick to shred the downgrade of their favorite company on Twitter from Macquarie analyst Chad Beynon on Wednesday, a move that wiped away 7.3% from the stock price.  A day later, Beynon is standing by his call because, well, the fundamentals warrant a more bearish stance.  “It has been a pretty difficult time [to cover AMC],” Beynon said Thursday on Yahoo Finance Live. “The AMC story is really momentum and technically driven, and a lot of the leaders of this [AMC]… Source link