It’s one thing to make an investment that doesn’t work out. No one gets every call right. It’s another thing to keep holding on or doubling down as a company spirals toward irrelevancy. In the stock market, there is no virtue to hanging onto shares of a company that’s a lost cause.The following three stocks to sell all had promising futures at one point. But through a combination of poor management decisions, a shifting macroeconomic environment and changing consumer preferences, all three of these struggli ...

AMC Chief Executive Adam Aron described the recent slide in the company’s shares as “painful” and pointed to the lingering impact of the COVID-19 pandemic on the movie-theater industry.“So painful: 4 years after Covid the industrywide box office is still ludicrously anemic & AMC stock has slid to $4.48,” he wrote on X, formerly known as Twitter. “Difficult to think about anything other than guiding AMC back in these challenging times. But greatness deserves praise: Sixers Joel Embiid… 70 points… 70!”Philade ...

Marti157900 Back in October, I said I thought it was possible that AMC Entertainment Holdings (NYSE:AMC) could de-lever if movie attendance returned to pre-pandemic levels. That hasn’t happened yet, but the company did generate positive operating cash flow in Q3 and the 2024 movie slate looks more robust than it did for 2023. Company Profile As a reminder, AMC is a movie theatre operator with venues throughout the United States and Europe. At the end of September, the company had 904 theatres with 10,07 ...

AMC Entertainment (NYSE: AMC) has experienced a challenging start this year, with shares of the movie theater chain declining by almost 30%. This decline is likely attributed to recent dilutive measures undertaken by the company in recent weeks.On January 18, Citigroup revised its price target for AMC stock from $5.75 to $4.10 while retaining its “sell” rating. This adjustment follows Citigroup’s earlier price target reduction from $15.50 to $4.75 in September, subsequently raising it back to $5.75 in Novem ...

The social media platform Reddit has meticulously outlined plans to initiate its initial public offering (IPO) in March, progressing with a listing under consideration for over three years.Having submitted a confidential IPO filing in December 2021, Reddit aims to publicly file its documents in late February, commence its roadshow in early March, and finalize the IPO by the conclusion of March, as reported by Reuters on January 18.The company, headquartered in San Francisco and valued at approximately $10 b ...

Shares of AMC Entertainment Holdings Inc. have hit a series of record lows recently, a far cry from the heady days of 2021 that turned the movie-theater chain into a meme-stock phenomenon. AMC shares AMC, -2.26% continued their slide Wednesday and are on pace to extend their losing streak to six days. The stock is down 2.8% and trading around $4.09, putting it on pace for another record-low close. AMC shares also hit a new all-time intraday low of $4.01 Wednesday, according to Dow Jones Market Data, based o ...

On National Popcorn Day - Friday, January 19 - AMC moviegoers can enjoy unlimited free refills on any size popcorn. Guests can also purchase an exclusive, limited edition AMC Loungefly popcorn crossbody bag, sold in theatres while supplies last. (Photo: Business Wire)On National Popcorn Day - Friday, January 19 - AMC moviegoers can enjoy unlimited free refills on any size popcorn. Guests can also purchase an exclusive, limited edition AMC Loungefly popcorn crossbody bag, sold in theatres while supplies last ...

Shares of AMC Entertainment Holdings Inc. continued their slide Tuesday, hitting a record intraday low and on pace for another record-low close. AMC’s stock AMC, -6.80% is down 6% and is set to extend its losing streak to five days, its longest since the five-day streak that ended Jan. 5. The stock is trading around $4.29, a new all-time intraday low, according to Dow Jones Market Data, based on available data going back to Dec. 18, 2013. ...

The short sellers have gotten the last laugh—again. That’s the lesson to draw on this, the third anniversary of the meme-stock frenzy that captured retail investors’ attention in January 2021. That was the month, you may recall, in which retail investors—flush with pandemic stimulus money—engineered a huge short squeeze on stocks such as GameStop GME. It skyrocketed more than 2,000% in that month alone. Short... Master your money. Subscribe to MarketWatch. Get this article and all of MarketWatch. ...

Following last year’s big rally, the stock market is off to a slow start in 2024. After two weeks the S&P 500 index is essentially flat. That’s not enough time to make a trend and many stocks have still been sitting on large gains for the past 12 months.But not all stocks enjoyed the bullish run-up. Instead, they missed out on the market rally that enriched so many. Today they continue to fall. A number of them just hit new 52-week lows. Yet that’s okay. Buying good companies at great prices is how you crea ...