Giant theater chain AMC Entertainment swung to red as revenue fell in the second quarter. Fewer films hit screens due to the Hollywood actors and writers strikes, but CEO Adam Aron said the worst and a major uptick that started in June is continuing. In preliminary results, released ahead of its formal quarterly earnings, the company said total revenues for the quarter ended June 30 dipped to just over $1 billion from $1.35.9 billion a year ago, dragged down by slow moviegoing in April and May. As a result ...

Shares of AMC Entertainment (NYSE:AMC) stock are in the red about 3% after Wedbush raised its price target to $4 from $3.50. Yesterday, the movie theater chain announced a refinancing transaction that would extend the maturity of up to $2.45 billion of debt from 2026 to 2029 and later.This transaction will open up the opportunity to reduce debt by $464 million from the conversion of exchangeable notes into equity. That has dilutive effects on shareholders and is likely why AMC stock is down today.“Previousl ...

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth po ...

Investors should now be familiar with the story behind so-called “meme stocks.” These are companies considered not that great by hedge funds and savvy investors who bought into the technology sector, so they naturally carry large short interest due to the number of short sellers who take on their bearish views. What ends up happening is a management stunt to send the stock rallying and cause what’s known as a short squeeze, otherwise known as an astronomic rally.AMC Entertainment TodayAMCAMC Entertainment$5 ...

A long-struggling meme stock is back in the green today on a positive update. AMC Entertainment (NYSE:AMC) has announced plans to refinance its debt burden. The company says it will “undertake a series of refinancing transactions to extend the maturity of about $2.5 [billion] of existing debt.” As of now, the company plans on extending its debt through 2029 and beyond.What’s Happening with AMC StockSeeking Alpha notes that AMC and its subsidiaries will be issuing “$1.2 [billion] of new term loans and about ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

AMC Entertainment (NYSE:AMC) stock rose only 20% during June’s meme-stock rally, suggesting limited future benefits from this trend. The company issued a negative outlook for Q2, expecting weaker performance because of fewer film releases from strikes and ongoing structural issues in the movie theater industry. In Q1, U.S. data showed only 30.5 million attendance viewers, and revenue declined 0.3%.Moreover, the company has unchanged fundamentals, with over $4.6 billion in debt. With $2.8 billion due soon an ...

AMC Entertainment (NYSE:AMC) stock is in the spotlight after Roth MKM analyst Eric Handler lifted the company’s second-quarter revenue estimate to $1.012 billion from $946 million, implying a year-over-year (YOY) decline of 25%. The analyst’s estimate is just below the consensus analyst estimate for $1.018 billion.Handler also raised his Q2 adjusted EBITDA estimate to $7 million from a loss of $54 million. That’s well above the consensus analyst estimate for a loss of $7 million.Handler raised these estimat ...

NEW YORK, July 18, 2024 (GLOBE NEWSWIRE) -- AMC Networks Inc. (NASDAQ: AMCX) will host a conference call to discuss results for the second quarter 2024 on Friday, August 9, 2024 at 8:30 a.m. Eastern Time. AMC Networks will issue a press release reporting its results before the market opening. The conference call will be webcast live via the company’s website at investors.amcnetworks.com. To access the conference call via telephone, please pre-register for the call to obtain the dial-in number and a passcode ...

CEO Adam Aron has made AMC Theaters (NYSE:AMC) stock the most controversial stock you can own. Since the COVID pandemic began in early 2020, he has fought to keep the movie theater chain afloat. He has sold stock, sold bonds, and innovated on many levels. He has kept the doors open.But the struggle hasn’t been worth it to investors. AMC has lost 88% of its value over the last five years. It was trading at about $5.30 per share on July 15.The Truth About AMCStrip away the hype and AMC is in the business of r ...