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Tag: NYSE: AMC

  • 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 (NYSE:AMC) Soars After Announcing Re-Opening Plan

    AMC Entertainment (NYSE:AMC) Soars After Announcing Re-Opening Plan

    Shares of AMC Entertainment Holdings, Inc. (NYSE: AMC) has jumped higher after it has announced its plan to open its theatres by the weekend. AMC will resume operations in California theatre for the first time on Friday, the company disclosed.

    The announcement of positive vaccine developments and decreased new cases has caused an increase in the group in recent weeks. The decision of opening 140 theatres by Saturday, bringing a total of 70% of its movie theatres in the US back into operation.

    AMC Entertainment Holdings shares were trading up 15.98% as it gained +0.97 on Wednesday. It has opened at $7.01 and has a closing price of $7.04. Its share price went from a low point around $1.95 to briefly over $12.13 in the past 52 weeks. It has a day low and high range of $6.46 and $7.71, respectively.

    AMC market cap has remained high, hitting $796.51 million at the time of writing. It has moved up 261.03% from its 52-weeks low and moved down -41.96% from its 52-weeks high. AMC had reported a trading volume of 43.06 million as compared to the average volume of 7.55 million.

    If we look at its profitability, it has a return on assets (ROA) of -22.79%, and return on investment (ROI) of 2.60%. AMC’s Gross Margin is 64.50%, Profit Margin is -75.30%, and an Operating Margin is -64.30%. Continuing to look at its liquidity, it has a current ratio of 0.40. Similarly, its quick ratio is also 0.40.

    The re-opening decision came after Warner Bros. announced the plan to release its oft-delayed Christopher Nolan thriller ‘Tenet’ in U.S. theaters on Thursday.

    As the COVID-19 pandemic continued to rise the movie theatres all around the nations were closed in mid-march. As the cases are decreasing continuously the theatres are now planning to resume operations.