NEW YORK, June 17, 2024 (GLOBE NEWSWIRE) -- AMC Networks Inc. (Nasdaq: AMCX) (the “Company” or “AMC Networks”) today announced the pricing of $125 million aggregate principal amount of 4.25% convertible senior notes due 2029 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). In connection with the offering of the notes, the Company has granted the initial purchasers an option to ...

Shares of AMC Networks plunged more than 35% Monday as the company said it plans put up for sale $125 million-worth of convertible senior notes due in 2029 in a private offering, plus additional notes for up to $18.75 million. The public company controlled by the Dolan family and run by Kristin Dolan expects to use the net proceeds “for general corporate purposes, which may include the repayment of indebtedness.” Notes are debt securities like bonds but have a shorter term. The shares, which closed at $10. ...

ToplineThe staggeringly successful release of Disney’s “Inside Out 2,” a Pixar animated film, helped to send four million people to AMC movie theaters over the weekend, the chain’s CEO said Monday, making the two best days of the year so far for the company—despite a disappointing start to 2024 at the box office.A scene from "Inside Out 2." © 2023 Disney/Pixar. All Rights Reserved. Key FactsMore than one million people went to a movie at the chain each day on Friday, Saturday and Sunday for a total weekend ...

Investors in meme stock AMC Entertainment (NYSE:AMC) certainly have plenty to digest today. At the time of this writing, AMC stock is down more than 3%. In some regards, this move makes sense, given the downward trajectory the company has been on from a fundamentals perspective.Yes, we had a brief meme stock rally in AMC stock, with meme king Keith Gill (aka Roaring Kitty) coming back into the GameStop (NYSE:GME) fray. However, both GameStop and AMC have lost momentum since Gill’s return, as investors clear ...

The honest answer to this question may be easier said than done, as the recent revival of the so-called ‘meme stocks’ also sparked fear of missing out (FOMO for short) in most investors. Only the most disciplined ones can watch GameStop Corp. shares NYSE: GME and AMC Entertainment Holdings Inc. NYSE: AMC skyrocket and not feel a thing. Still, that type of emotional discipline takes years to master.AMC Entertainment TodayAMCAMC Entertainment$5.14 +0.15 (+3.01%) 52-Week Range$2.38▼$62.30Price Target$5.54Add t ...

Loading...Loading...U.S. stock futures were mixed this morning, with the Dow futures falling around 50 points on Monday.Shares of AMC Networks Inc. AMCX fell sharply in today's pre-market trading after the company announced a private offering of $125 million of convertible senior notes.AMC Networks shares dipped 9.4% to $14.24 in pre-market trading.Here are some big stocks recording losses in today's pre-market trading session.Evotec SE EVO shares fell 7.7% to $4.20 in pre-market trading.Absci Corporation A ...

NEW YORK, June 17, 2024 (GLOBE NEWSWIRE) -- AMC Networks Inc. (Nasdaq: AMCX) (the “Company” or “AMC Networks”) today announced that it intends to offer, subject to market conditions and other factors, $125 million aggregate principal amount of convertible senior notes due 2029 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). In connection with the offering of the notes, AMC Net ...

Among the companies that most directly benefited from the Roaring Kitty-led rally in meme stocks, AMC Entertainment (NYSE:AMC) stock certainly saw the similar sort of move many investors would have expected to see on excitement around the next wave of investor interest in short squeeze stocks.AMC’s recent rally has certainly appeared to be short-lived. After surging above $10 per share approximately one month ago, shares of AMC stock have continued to decline below the $5 level at the time of writing. Indee ...

Growth stocks are names that are anticipated to grow at a rate significantly above the market itself. The companies listed below are expected to grow a great deal by their most zealous advocates. However, the firms profiled in this column are extensively overvalued. These growth stocks to sell are likely to disappoint bulls while their valuations are far too high. Importantly, the valuations of some of these growth stocks to sell have become stretched in recent weeks due to the revival of the meme-stock tre ...

The stock market’s surge continues, with several major market indices making new all-time highs recently.The explosion of artificial intelligence and semiconductor activity has been a windfall for tech industry investors. The possibility of Federal Reserve rate cuts could lift the broader economy as well.While there are plenty of reasons for optimism on the overall market, not all stocks are poised to benefit equally. For example, these seven stocks to sell right now are in deep trouble regardless of the br ...