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AMC's bonds find buyers while original meme stock slides
Market Watch· 2024-02-02 18:15
While AMC Entertainment Holding Inc.’s shares have been hitting new lows over the last two week, the company’s bonds have seen net buying activity, as the following chart from data solutions provider BondCliQ Media Services shows. “In the last two weeks the [AMC] bonds’ prices have really held their own while the stock has sold off,” a market source told MarketWatch. “It has been supported by better net buying over that period.” Most active AMC Entertainment Holdings issues with net customer flow (last ...
AMC shares slip below $4 as original meme stock hits all-time low
Market Watch· 2024-02-02 15:11
Shares of AMC Entertainment Holdings Inc. fell below $4 Friday to hit an all-time intraday low. The stock traded as low as $3.94 Friday, which is a new record intraday low, according to Dow Jones Market Data. The stock is currently trading at $4.01, putting it on pace for a new record closing low. AMC AMC, -0.73% shares hit an all-time record closing low on Thursday, when they ended the session at $4.05. ...
Ignore the Noise: 3 Meme Stocks EVERY Investor Should Pass On
InvestorPlace· 2024-02-01 20:53
No investor wants to end up holding the bag following a bad investment. Yet, that is a very common scenario for those who choose to invest in meme stocks. The allure of quick, easy and outsized gains has caused more pain than joy. The relatively new phenomenon of meme stocks gained notoriety during the pandemic. These days, it is less prominent than it was during the tail end of the easy money era.Again, many investors have been burned. Those investors who do not want to end up among their ranks should stee ...
KISS THE FUTURE – The Critically Acclaimed Documentary About a Creative Community Amid the Siege of Sarajevo, the Resilience of Its People Through Art and Music and the Tale of a Post-war Concert by U2 – to Receive a Theatrical Run Exclusively at AMC
Businesswire· 2024-01-31 19:00
LEAWOOD, Kan.--(BUSINESS WIRE)--AMC Theatres (NYSE:AMC), the largest theatrical exhibitor in the United States and FIFTH SEASON have reached a deal to release KISS THE FUTURE, a critically acclaimed documentary, that World Premiered at Berlinale and opened The Tribeca Film Festival in 2023, directed by Nenad Cicin-Sain, produced by Matt Damon, Ben Affleck, and Sarah Anthony, which will debut at select U.S. AMC locations beginning Friday, February 23, for a full theatrical run. The doc features Bono, The Edg ...
The Big Short of 2024: 7 Meme Stocks to Bet Against
InvestorPlace· 2024-01-30 11:40
Investor appetite for risky stocks has come back in recent months, but there are plenty of opportunities out there for bearish investors looking for meme stocks to short.Even as factors like cooling inflation and an expected lowering of interest rates by the Federal Reserve point to a full exit from the more challenging times for the stock market during 2022 and 2023, it’s not as if conditions have swung fully back to the environment experienced during the pandemic era.Interest rates may decrease, but not t ...
AMC Stock: Adam Aron Says That Hollywood Strikes Ruined the Early 2024 Box Office
InvestorPlace· 2024-01-29 21:26
Shares of AMC Entertainment (NYSE:AMC) stock are already down by over 30% this year, and CEO Adam Aron is very aware. On Sunday night, Aron posted this message on X (formerly Twitter):Media scoffed at my Embiid tweet, but it's all true. AMC's share price is so frustrating. The 2023 actors/writers strikes have ruined the early 2024 box office. Almost all I think about is rebuilding AMC. But: AMC based in Kansas City since 1920. So, "how 'bout those CHEEEEEFS." pic.twitter.com/2sTt2MCsBd— Adam Aron (@CEOAdam) ...
National CineMedia Signs New Long Term Exclusive Agreement with Santikos Enterprises
Businesswire· 2024-01-29 17:03
CENTENNIAL, Colo.--(BUSINESS WIRE)--National CineMedia (NCM), the largest cinema advertising platform in the U.S. that unites brands with young, diverse movie audiences, today announced a new five-year exclusive agreement with Santikos Theaters. Santikos operates 27 theater locations, and 379 screens across eight states. They are the 7th largest cinema operator in the U.S. and one of the largest affiliates on the NCM platform. “As partners since 2016, NCM is thrilled to extend our relationship with Santi ...
AMC's share price is ‘so frustrating,' and strikes have ‘ruined' early 2024 box office, CEO says
Market Watch· 2024-01-29 15:12
The recent decline in AMC’s share price is “so frustrating,” according to the movie-theater chain’s CEO, Adam Aron. “Media scoffed at my Embiid tweet, but it’s all true,” he wrote on X, formerly Twitter, late Sunday. “AMC’s share price is so frustrating. The 2023 actors/writers strikes have ruined the early 2024 box office. Almost all I think about is rebuilding AMC. But: AMC based in Kansas City since 1920. So, ‘how ’bout those CHEEEEEFS.’”On Sunday, the Kansas City Chiefs defeated the top-seeded Baltimore ...
AMC shares set to snap four-day losing streak after hitting record-low close
Market Watch· 2024-01-26 18:51
AMC Entertainment Holdings Inc. shares were up 2% Friday, putting the stock on pace to snap a four-day it rose 7.8%. Shares of the movie-theater chain and original meme-stock darling have hit a series of record lows recently and ended Thursday’s session at an all-time closing low of $4.08. Related: AMC’s CEO bemoans ‘painful’ stock slide amid ‘ludicrously anemic’ box office This is a far cry from the heady heights of the meme-stock frenzy, when the company’s shares hit an all-time closing high of $339.05 ...
Wall Street sets AMC stock price for next 12 months
Finbold· 2024-01-26 13:48
The stock price of AMC (NYSE: AMC) has encountered a challenging beginning to the year, plummeting by over -33% year-to-date. Concerns about its future among certain investors have prompted speculation about the survival of the theater chain in the current year.This year, the movie industry will produce movies that probably won’t match the fame that cinema products had in 2023, with some big blockbusters, which adds to the growing fears of investors.At the close of trading on January 25, AMC stock stood at ...