Tag Archives: AMC

(Bloomberg) — Jefferies told clients Wednesday its prime brokerage arm will no longer allow the execution of short sells in GameStop Corp., AMC Entertainment Holdings Inc. and MicroVision Inc., according to a memo seen by Bloomberg News. “Until further notice, Jefferies Prime Brokerage will no longer offer custody on naked options in GME, AMC and MVIS,” the memo noted. The firm will no longer allow the execution of short sells of those securities, the memo continued, noting that other… Source link

This journalist remembers chatting on a number of occasions with Mark Tritton when he was the whiz kid behind Target’s merchandising revival from 2016 to 2019.  Tritton — serving as Target’s chief merchandising officer — was level-headed, decisive, creatively-focused and believed he could bring the cheap chic cool factor back to the discount retailer. He achieved his mission (Tritton remains a big reason why it’s fun to shop at Target), and Target’s bottom line continues to benefit from… Source link

Wall Street pros continue to come out in force to remind retail traders of going all in right now on meme stock favorite AMC Entertainment (AMC).  Macquarie analyst Chad Beynon and his team reiterated their $6 price target (the cost of one ticket at an AMC theater is about $14) and Neutral rating on AMC in early afternoon trading Thursday. While the group commended AMC CEO Adam Aron for his embrace of the enthusiastic retail trading community and voiced optimism on a box office recovery… Source link

The Meme Market is back with a vengeance.  And AMC (AMC) is playing a different game the second time around.  On Thursday morning, the company filed to sell up to an additional 11.5 million shares as its stock price continues a monster run higher.  On Wednesday alone AMC shares rose 95% and in pre-market trading on Thursday the stock was at one point up another 20%.  But this does not mark the company’s first effort to capitalize on recent volatility.  Earlier this week AMC raised $230… Source link

(Bloomberg) — The moonshot surge in the shares of AMC Entertainment Holdings Inc. has vaulted it into the ranks of some of the world’s most valuable companies. The company has gone from a small cap to a large cap in the space of a few months. A 95% gain amid a retail-trading frenzy on Wednesday left the movie-theater chain with a market capitalization of $31.3 billion. That makes it more valuable than half of the companies in the S&P 500 Index. AMC is now worth more than Tyson Foods Inc…. Source link

TipRanks 2 Big Dividend Stocks Yielding 7%; Analysts Say ‘Buy’ Let’s talk about defending your portfolio. It’s a common impulse for most investors, when the economy starts to turn sour. We’re in a growth phase now, with economic activity rebounding strongly from the corona-crisis shutdowns, and with reopening getting into full stride, economists are predicting up to 8% GDP expansion this year. But there are clouds on the horizon. Inflation is rising, and the April jobs report was,… Source link

TipRanks Billionaire George Soros Picks Up These 3 “Strong Buy” Stocks Some investors achieve legendary status, rising far above their peers on a combination of luck and success. Perhaps no one exemplifies this more than George Soros, the Holocaust survivor who, after the war, earned a doctorate from the London School of Economics and went into the banking industry to make his mark. He was wildly successful. The hedge fund he founded, Soros Fund Management, earned an average annualized… Source link

The New York Times Prosecutors Investigating Whether Ukrainians Meddled in 2020 Election Federal prosecutors in Brooklyn have been investigating whether several Ukrainian officials helped orchestrate a wide-ranging plan to meddle in the 2020 presidential campaign, including using Rudy Giuliani to spread their misleading claims about President Joe Biden and tilt the election in Donald Trump’s favor, according to people with knowledge of the matter. The criminal investigation, which began… Source link

TipRanks Billionaire George Soros Picks Up These 3 “Strong Buy” Stocks Some investors achieve legendary status, rising far above their peers on a combination of luck and success. Perhaps no one exemplifies this more than George Soros, the Holocaust survivor who, after the war, earned a doctorate from the London School of Economics and went into the banking industry to make his mark. He was wildly successful. The hedge fund he founded, Soros Fund Management, earned an average annualized… Source link

If you’re looking for penny stocks to buy right now, I’m sure you’ve seen plenty of attention placed on social media, namely Reddit. The phenomenon that began earlier in the year thanks to GameStop (NYSE: GME) stock has caused an avalanche of trading activity spilling over into other heavily shorted names. Whether you’re talking about beaten-down meat alternative stocks like Beyond Meat (NASDAQ: BYND) or bankrupt car rental companies like Hertz (OTC: HTZGQ), Redditors are going… Source link