STOCKS TELEGRAPH

Tag: AMC Entertainment

  • AMC Entertainment Holdings, Inc. (AMC) Stock Rebounds from Four Consecutive Days of Downward Spiral

    AMC Entertainment Holdings, Inc. (AMC) stock prices were up 9.72% shortly after the trading day commenced on July 15th 2021, signaling a recovery from a steep decline over the past few days. The stock currently sits at a price of USD$36.68.

    AMC Stock Price Fluctuations

    AMC Entertainment share prices were down significantly on Wednesday, July 14th, 2021, trading below half of its recent peak prices, putting retail investors to the test. July 15th, 2021 saw the stock recover from four straight days of losses, having closed at USD$33.43 before the resurgence. This represents a 54% decrease from its all-time high of USD$72.62, which it hit in early June of 2021. The stock fell to USD$33.25 in the past several weeks, its lowest point since June 1st, 2021.

    Meme Stock Phenomenon

    AMC has been at the focal point of the recent meme stock phenomenon that has been proliferating the markets as of late, marking the rise of the retail investor as bearish hedge funds bear the brunt of the movement. Its status as a meme stock has seen the stock sit at a price 1476% higher than its price from a year ago. Shareholders are concerned that the dip in performance would start a snowball effect as investors lose confidence and jump ship, fearful of further losses.

    Post-Pandemic Economy

    The decline in AMC equity value came in spite of a strong weekend at the box office, when Walt Disney Co. and Marvel’s collaborative superhero adventure movie, Black Widow, garnered USD$80 million in what has been the biggest opening weekend for a movie since the onset of the global coronavirus pandemic. Disney generated an additional USD$60 million globally from direct-to-consumer sales via its streaming service, which has become a major competitor for movie theaters.

    Expected Financials

    The company expects to report USD$3.16 in adjusted loss per share on revenue of USD$2.41 billion. As of the close of the trading day on July 13th, 2021, 16% of the companies shares were sold short, coming out to a total of 78 million shares. This is comparable to the 75 million shares sold short as of June 30th, 2021.

    Future Outlook for AMC

    Armed with the recent recovery of its stock value, AMC is poised to capitalize on the resurgence of the momentum that has carried the company through a stellar and fortuitous year. The company is keen to leverage its resources to drive in sustained and organic growth as the culmination of the global pandemic looms closer. Investors are hopeful for significant and sustained increases in shareholder value over the long term.

  • Were There Any Significant Reasons Why The AMC Stock Declined Afterhours?

    AMC Entertainment Holdings Inc. (AMC) shares sank -5.59% to $37.15 in after-hours trading. The AMC stock price closed Tuesday’s session at $39.35, down -7.65%. AMC stock volume was 83.8 million shares, which was about half of the average daily volume of 192.16 million shares within the past 50 days.

    Within the last 12 months, AMC shares have moved up by 823.71%, but over the past week they have moved down by -21.24%. The stock of AMC gained 345.14% over the past three months, while it lost 1688.64% over the past six months.

    Furthermore, AMC has a current market capitalization of $20.49 billion and 520.79 million outstanding shares. AMC is gradually losing ground and has lost a significant amount of the gain realized in the past few months for being the meme stock.

    Recent developments:

    With nearly 950 theatres and 10,000 screens worldwide, AMC is the largest movie exhibitor in the United States, in Europe, and for the worldwide market. By deploying its Signature power-recliner seats and enhancing its food and beverage offerings, AMC has led the way in innovation in the exhibition industry. In addition to offering large format experiences and TV programming, AMC has a loyalty program and subscription programs, as well as web and mobile apps.

    This past weekend, AMC Theatres broke all of its previous post-reopening attendance records, announced the company in a press release.

    • AMC experienced its busiest weekend in 16 months for the third time in three weekends, and for the second time since Memorial Day weekend.
    • From Thursday, July 8 to Sunday, July 11, roughly 3.2 million people watched movies at AMC theatres in the United States and abroad.
    • BLACK WIDOW topped the box office in the United States and Canada over the weekend, earning an estimated $80 million, breaking the record of F9 two weekends ago.
    • In addition to BLACK WIDOW’s performance, the industry saw its first $100 million weekend since early 2020 when nine other top 10 films performed well.
    • There are eight AMC theatres in the US ranked in the top ten busiest movie theatres across the entire industry.
    • AMC Burbank 30, a cinema complex in Burbank, Calif., came in first.

    Record number of guests at AMC:

    AMC hosted 2.5 million guests from Thursday through Sunday, setting yet another record in the United States. AMC theatres in Europe and the Middle East welcomed more than 650,000 international guests in the post-reopening period which is an another record-breaking number. Including the U.S., AMC’s global attendance of approximately 3.2 million for this past weekend, Thursday to Sunday, at home and abroad, is encouraging.

  • AMC Entertainment (AMC) Avoids Bankruptcy as Shares Pop Up

    AMC Entertainment (AMC) Avoids Bankruptcy as Shares Pop Up

    AMC has been on a roll for almost a month now despite facing bankruptcy.

    AMC Entertainment Holdings (AMC) has almost rattled the shadows of bankruptcy after obtaining $917 million in fresh capital. AMC stock has been on a continuous bull run for almost a month now.

    The short-traders has massively triggered the stock price in the recent trading sessions. Many individual traders have made stock purchases on Reddit in an attempt to pressure short-sellers—thus pushing AMC to skyrocket.

    What’s Next?

    The big news for AMC Entertainment (AMC) is that it has secured $917 million in fresh capital to avoid bankruptcy. The company has enough funds now to keep up with its financial needs—deep into 2021.

    The company also revealed that it has raised commitment letters to receive $917 million of new equity and debt capital since December 14, 2020. AMC intends to use $506 million of the new capital to be raised from the issuance of 164.7 million new common shares, in addition to the $100 million of first-lien debt.

    Mover, AMC has also obtained commitment letters worth $411 million of incremental debt capital through mid-2023. The CEO of AMC, Adam Aron highlighted that they collected $1 billion cash between April and November last year via debt and equity raises, with a handy amount assets sale as well. This means that the company is off and running as the fear of bankruptcy remains no more.

    With the recent capital funding, the company expects business operations to be back working with full potential. Furthermore, the company is in talks with theatre landlords about the amounts and timing of owed theatre lease payments.

    Things are shaping up well for AMC and will get better once the business activities resume to their full capacity—with COVID restrictions lowering down.

    The recent push in the stock price is also supported by the heavy trading volume of short-sellers. The stock is in a random bull run that is skyrocketing shares price. As we write during pre-market, shares of AMC have soared 143.93% to $12.05. This jump is quite extravagant as the stock is up from its prior close of $4.96.

    Conclusion

    The bankruptcy threat is over and the capital funding solidifies AMC’s liquidity and financial position. Though the stock price is supported and pumped by the Reddit battle of short-sellers pressured to buy the shares in recent trading sessions. Currently, AMC Entertainment’s stock is trading at more than doubled price—in a gap of a single trading day. So, it will pull back to its real price once the Reddit bulls go away.

  • What changed for these 49 stocks in Pre Market Session

    What changed for these 49 stocks in Pre Market Session

    Lizhi Inc. (LIZI) stock plunged -8.14% to $4.4 in the pre-market trading after reporting that it entered in-car audio collaboration with Xpeng Motors. The most recent rating by Citigroup, on February 18, 2020, is a Buy.
    American Airlines Group Inc. (NASDAQ: AAL) shares are trading up 4.72% at $16.85 at the time of writing. Company’s 52-week ranged between $8.25 to $30.78.
    FuelCell Energy Inc. (FCEL) is up more than 5.01% at $7.75 in pre-market hours Friday December 04, 2020. The firm recently declared the pricing of its underwritten public offering of 34,518,539 shares of its common stock, at a public offering price of $6.50 per share. The stock had jumped over 1.93% to $7.38 in the last trading session.
    Before the trading started on December 04, 2020, AMC Entertainment Holdings Inc. (AMC) is up 5.51% to reach $3.83. It has been trading in a 52-week range of $1.95 to $8.78.
    Cinemark Holdings Inc. (CNK) stock soared 6.02% to $14.1 in the pre-market trading. The most recent rating by Loop Capital, on November 19, 2020, is a Hold.
    Iterum Therapeutics plc (ITRM), a Biotechnology company, dropped about -3.8% at $0.809 in pre-market trading Friday.
    Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) shares are trading up 3.7% at $26.36 at the time of writing following its announcement extension of suspension of voyages. Company’s 52-week ranged between $7.03 to $59.78. Analysts have a consensus price target of $26.
    Before the trading started on December 04, 2020, Jaguar Health Inc. (JAGX) is up 7.84% to reach $0.399. It has been trading in a 52-week range of $0.19 to $1.08.
    Transocean Ltd. (RIG), a Oil & Gas Drilling company, rose about 4.43% at $2.12 in pre-market trading Friday after declaring amendments to certain financing documents and internal reorganization transactions to resolve allegations contained in purported notices of default.
    Novan Inc. (NOVN) stock soared 19.92% to $0.67 in the pre-market trading. The most recent rating by Piper Jaffray, on January 06, 2020, is a Neutral.
    Li Auto Inc. (LI) lost over -2.48% at $31.51 in pre-market trading Friday December 04, 2020 following declaration its pricing of follow-on public offering of American depositary shares.
    Southwestern Energy Company (NYSE: SWN) shares are trading up 2.13% at $2.88 at the time of writing. Company’s 52-week ranged between $1.06 to $3.90. Analysts have a consensus price target of $2.40.
    Occidental Petroleum (OXY) is up more than 3.23% at $16.92 in pre-market hours Friday December 04, 2020. The company recently reported the release of its 2020 Climate Report, which provides a pathway detailing milestones to achieve its net-zero aspirations. The stock had jumped over 3.15% to $16.39 in the last trading session.
    Torchlight Energy Resources Inc. (TRCH) is up more than 6.9% at $0.48 in pre-market hours Friday December 04, 2020. The stock had jumped over 15.13% to $0.45 in the last trading session.
    TransGlobe Energy (TGA) grew over 2.82% at $0.659 in pre-market trading today following its agreement to merge, extend and modernize its eastern Desert concessions.
    Before the trading started on December 04, 2020, Catabasis Pharmaceuticals Inc. (CATB) is up 2.07% to reach $1.97. It has been trading in a 52-week range of $1.25 to $8.59.
    Inovio Pharmaceuticals Inc. (INO) stock moved up 8.07 percent to $13.53 in the pre-market trading after declaring the execution of an agreement with Kaneka Eurogentec S.A., for Eurogentec to manufacture INOVIO’s COVID-19 vaccine candidate INO-4800 at their industry-leading GMP plasmid production scales.
    Clovis Oncology Inc. (CLVS) is down more than -4.81% at $5.15 in pre-market hours Friday December 04, 2020. The stock had jumped over 11.09% to $5.41 in the last trading session.
    Cinedigm Corp. (CIDM) gained over 71.43% at $0.96 in pre-market trading Friday December 04, 2020 after reporting that its eight additional linear streaming channels are now Available on Rad’s fast-growing global streaming platform.
    Onconova Therapeutics Inc. (ONTX) stock plunged -1.9% to $0.3143 in the pre-market trading. The most recent rating by H.C. Wainwright, on March 01, 2018, is a Buy.
    Marvell Technology Group Ltd. (MRVL) stock plunged -5.1% to $43.2 in the pre-market trading after announcing a quarterly dividend of $0.06 per share of common stock payable on January 14, 2021 to shareholders of record as of December 23, 2020. The most recent rating by Craig Hallum, on October 30, 2020, is a Buy.
    QEP Resources Inc. (QEP) stock soared 5.0% to $2.1 in the pre-market trading. The most recent rating by JP Morgan, on July 20, 2020, is a Neutral.
    Arlo Technologies Inc. (NYSE: ARLO) shares are trading up 3.09% at $7.0 at the time of writing. The company recently revealed that Matthew McRae, CEO, and Gordon Mattingly, CFO, will present at the Raymond James Virtual Technology Investors Conference on Tuesday, December 8, 2020. Company’s 52-week ranged between $1.20 to $7.75. Analysts have a consensus price target of $6.
    Before the trading started on December 04, 2020, Nxt-ID Inc. (NXTD) is down -3.91% to reach $0.41. It has been trading in a 52-week range of $0.21 to $0.89.
    Halliburton Company (HAL) gained over 3.66% at $18.68 in pre-market trading Friday December 04, 2020 following its deal with Accenture (ACN), to accelerate Halliburton’s digital supply chain transformation and support digitalization within the Company’s manufacturing function.
    United Microelectronics (UMC) stock soared 10.32% to $8.55 in the pre-market trading. The most recent rating by Credit Suisse, on October 12, 2020, is an Outperform.
    Before the trading started on December 04, 2020, Cloudera Inc. (CLDR) is up 14.85% to reach $13.3 after reporting results for its third quarter of fiscal 2021, ended October 31, 2020. It has been trading in a 52-week range of $4.76 to $14.20.
    Before the trading started on December 04, 2020, Isoray Inc. (ISR) is down -4.92% to reach $0.47. It has been trading in a 52-week range of $0.35 to $1.06.
    iBio Inc. (AMEX: IBIO) shares are trading down -0.66% at $1.51 at the time of writing. The firm recently reported an agreement with Belgium-based ATB Therapeutics to produce its bioengineered antibody-toxin fusion proteins using iBio’s FastPharming® System. Company’s 52-week ranged between $0.14 to $7.45. Analysts have a consensus price target of $2.55.
    Centennial Resource Development Inc. (CDEV) stock soared 3.13% to $1.32 in the pre-market trading. The most recent rating by MKM Partners, on November 30, 2020, is a Neutral.
    BioCryst Pharmaceuticals Inc. (BCRX) is up more than 24.44% at $6.39 in pre-market hours Friday December 04, 2020 following the FDA Approval of ORLADEYO™ (berotralstat), First Oral, Once-daily Therapy to prevent attacks in Hereditary Angioedema patients. The stock had jumped over 1.88% to $5.14 in the last trading session.
    Borr Drilling Limited (BORR) is up more than 6.86% at $0.854 in pre-market hours Friday December 04, 2020. The stock had dropped over -1.78% to $0.80 in the last trading session.
    Before the trading started on December 04, 2020, Blink Charging Co. (BLNK) is up 4.14% to reach $23.64 after declaring an agreement with JSC Management Group, a large Burger King franchisee, to deploy numerous EV charging stations at key Burger King locations across the Northeast. It has been trading in a 52-week range of $1.25 to $34.67.
    Banco Santander S.A. (SAN) grew over 3.74% at $3.33 in pre-market trading today.
    Kandi Technologies Group Inc. (NASDAQ: KNDI) shares are trading up 2.98% at $8.3 at the time of writing. Company’s 52-week ranged between $2.17 to $17.45.
    InVivo Therapeutics Holdings Corp. (NVIV) lost over -4.67% at $0.6101 in pre-market trading Friday December 04, 2020.
    Aehr Test Systems (AEHR), a Semiconductor Equipment & Materials company, dropped about -8.74% at $1.88 in pre-market trading Friday after receiving $4.3 million order for initial FOX-XP™ test cell for production test of mobile sensor devices.
    ICICI Bank Limited (IBN) grew over 4.48% at $13.75 in pre-market trading today.
    NanoVibronix Inc. (NAOV) stock moved down -7.96 percent to $1.04 in the pre-market trading following the announcement of $6.0 million private placement.
    DocuSign Inc. (DOCU), a Software – Application company, rose about 4.43% at $241.25 in pre-market trading Friday.
    Dada Nexus Limited (DADA) is up more than 4.4% at $47.2 in pre-market hours Friday December 04, 2020 after reporting that Dada Now has partnered with dozens of cake chain brands across China, doubling the number of cooperating stores year-over-year as of November 2020. The stock had dropped over -15.65% to $45.21 in the last trading session.
    Salarius Pharmaceuticals Inc. (SLRX) stock moved up 1.85 percent to $1.1 in the pre-market trading.
    Auris Medical Holding Ltd. (NASDAQ: EARS) shares are trading down -3.23% at $3.3 at the time of writing after it pricing $8,000,000 common shares offering priced at-the-market. Company’s 52-week ranged between $0.65 to $6.60. Analysts have a consensus price target of $2.50.
    Acasti Pharma Inc. (ACST) lost over -2.94% at $0.33 in pre-market trading Friday December 04, 2020.
    Micro Focus International plc (MFGP) is up more than 6.3% at $6.07 in pre-market hours Friday December 04, 2020. The firm recently declared the findings of its ‘Endless Modernization’ research with Standish Group. The stock had jumped over 14.66% to $5.71 in the last trading session.
    BP p.l.c. (BP), a Oil & Gas Integrated company, rose about 4.54% at $22.33 in pre-market trading Friday.
    Tantech Holdings Ltd (NASDAQ: TANH) shares are trading up 4.27% at $1.71 at the time of writing after announcing the launch by its subsidiary, Shangchi Automobile Co., Ltd. (“Shangchi Automobile”), of its newest highly innovative driverless and autonomous street sweeper. Company’s 52-week ranged between $0.81 to $3.65.
    Trine Acquisition Corp. (TRNE) gained over 7.05% at $15.49 in pre-market trading Friday December 04, 2020.
    Enlivex Therapeutics Ltd. (ENLV) grew over 5.26% at $12.0 in pre-market trading today after reporting positive interim results of an investigator-initiated Phase II clinical trial evaluating AllocetraTM in severe and critical COVID-19 patients.