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AMC stock price forecast: once beloved meme stock gets oversold
Invezz· 2024-01-15 14:00
AMC (NYSE: AMC) stock price has had a tough start of the year. It has crashed by more than 25% year-to-date as some investors worry about its future. Some are even wondering whether the theatre chain will survive this year. This year’s losses mean that the stock has plunged by more than 89% in the past 12 months, giving it a market cap of just $1.15 billion.Is this fear warranted?Copy link to sectionAMC Entertainment, which became a hit during the meme stock mania, has become a hated company with a short in ...
AMC's stock on pace to continue run of record lows and extend losing streak to four days
Market Watch· 2024-01-12 19:07
Shares of AMC Entertainment Holdings Inc. were down 1.5% Friday, putting the stock on pace to continue its run of record lows and extend its losing streak to four days. The slide would be AMC’s AMC, -2.11% longest since a five-day losing streak that ended Jan. 5. AMC’s stock, which is trading at around $4.63, has hit a series of record-low closes recently and ended Thursday’s session at an all-time low of $4.70. The stock’s recent performance reflects the demise of the movie-theater chain’s meme-stock s ...
AMC Entertainment shares sink for third day running
Proactive Investors· 2024-01-12 09:08
AMC Entertainment shares sank for a third day in a row another wave of equity from the debt-laden cinema chain hit the market. Earlier this month, AMC said it was issuing more equity to clear US$22.5m of high-yielding bonds and PIK notes. Since the height of the meme stock frenzy of 2021 when AMC was among a clutch of stocks that soared in a battle between retail investors and hedge funds, its value has slumped by 99%. That is despite a recovery in box office takings following the end of the pandemic, incl ...
AMC Entertainment hits new low as Swift's Eras record not enough to slow stock's decline
Proactive Investors· 2024-01-11 08:46
AMC Entertainment Holdings (NYSE:AMC) Inc sank 2.6% to a new all-time low of $4.91 on Wednesday, marking almost a 31% decline over the past month. It came in the same week that the company announced "unprecedented" performance of 'Taylor Swift - The Eras Tour' as it became the highest-grossing concert film in box office history. The film is distributed by AMC's distribution arm. In November the movie theatre chain raised $350 million in November $7.29 per share, taking fundraises in the year to $865 million ...
AMC's stock on pace for another record-low close and set to extend losing streak to two days
Market Watch· 2024-01-10 20:39
Shares of AMC Entertainment Holdings Inc. are on pace for another record-low close Wednesday, and are set to extend their losing streak to two days. The movie-theater chain and original meme stock AMC, -3.08% is down 1.9% and is trading around $4.95, which would be an all-time low, according to Dow Jones Market Data, based on available data going back to Dec. 18, 2013. ...
Original meme stock AMC on pace for another record-low close
Market Watch· 2024-01-09 20:06
Shares of AMC Entertainment Holdings Inc. are down 3.1% Tuesday, putting the stock on pace for another record-low close. The stock is trading around $5.13, below its record-low close of $5.17 on Jan. 5. Related: AMC’s stock extends losing streak to five days, hits another record-low close ...
Can Unselfish Love Heal Our Country? The New Film "A Case For Love" Looks to Answer That Question - in Theaters Nationwide on January 23, 2024.
Prnewswire· 2024-01-09 15:30
Can Unselfish Love Heal Our Country? "A Case For Love" Looks to Answer That Question | in Theaters Nationwide Jan 23. Post this "A Case For Love" is a documentary that examines whether or not love, specifically unselfish love, is the solution to the extreme societal and political divide facing the U.S. Now, more than ever, we live in a divided society. Many have moved into tribal corners, seeing the world from an "us versus them" point of view. This documentary focuses on everyday people from across the ...
AMC's stock set to snap five-day losing streak
Market Watch· 2024-01-08 20:40
Shares of AMC Entertainment Holdings Inc. are on pace to snap a five-day losing streak and register their biggest single-day percentage gain in over a month. AMC’s stock AMC, +2.51% is up 3.1% Monday, outpacing the S&P 500’s SPX gain of 1.2%, and is set for its biggest single-day percentage gain since Dec. 4, when it gained 9.2%. AMC shares are also bouncing back from record lows last week, reflecting the demise of its meme-stock status. ...
AMC CEO sends Taylor Swift ‘eternal gratitude' as ‘Eras Tour' concert film makes history
Market Watch· 2024-01-08 14:45
AMC Entertainment Holdings Inc. CEO Adam Aron has expressed the movie-theater chain’s “eternal gratitude” to Taylor Swift as the singer-songwriter’s concert film breaks another record.Variety reported Sunday that “Taylor Swift: The Eras Tour” has earned more than $261.6 million globally, making it the highest-grossing concert and documentary film in history, surpassing “Michael Jackson’s This Is It.”“Now at $261.6 million globally, AMC’s first ever released film, TAYLOR SWIFT | THE ERAS TOUR just became the ...
National CineMedia, U.S. Representative for Cannes Lions International Festival of Creativity, Launches the 2024 Young Lions Competition
Businesswire· 2024-01-08 14:00
NEW YORK--(BUSINESS WIRE)--The U.S. Representative of the Cannes Lions International Festival of Creativity and largest cinema advertising platform, National CineMedia (NCM), announces the launch of the 2024 U.S. Young Lions competition. Registration begins today, January 8th, and is open through February 2nd for advertising, marketing and communications industry professionals age 30 or under. The categories for the 2024 competition are Digital, Film, Media, PR, and Print and the competition runs from Febru ...