AMC Plans to Issue 3 3 Million More Shares of AMC Stock

The company has more than $4 billion in long-term debt on the books and interest… Movie-theater chain and original meme stock AMC expects a box-office boost from a slate of major releases in 2025. The return to social media of Keith Gill, also known as Roaring Kitty, thrust original meme stocks AMC and GameStop back into the spotlight in 2024. Discover which analysts rank highest on predicting the price target of AMC. Discover which analysts rank highest for AMC overall weighted by direction, price target, and price movement. Wednesday’s drop was the biggest one-day sell-off AMC stock has seen since February 2021.

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At the same time, the Dow added 0.93%, and the tech-heavy Nasdaq gained 0.22%. But on Monday, one of the chief meme-stock cheerleaders, known by goldman sachs to offer clearing services via lchs forexclear the online moniker Roaring Kitty, posted a meme signaling he was planning to become active again. Fueled by online forum discussion, especially on Reddit, Cohen attracted an army of believers in his strategy that sent the value of GameStop stock to as high as $81.25 after never breaking $14 a share.

These stocks could bask in the ‘Glicked’ glow as ‘Gladiator II’ and ‘Wicked’ open

  No cost, no obligation to buy anything ever.Past performance is no guarantee of future results. The facts discussed here and much other information on Zacks.com might help determine whether or not it’s worthwhile paying attention to the market buzz about AMC Entertainment.

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Select to analyze similar companies using key performance metrics; select up to 4 stocks. The sale could represent as much as 7.7% of the 519.2 million shares outstanding. On a brighter note, AMC announced this morning that it would expand its presence in the “Premium Gourmet Candies” sector by offering its own line of branded chocolate candies. These include chocolate covered pretzels, almonds, raisins and peanuts. The company’s new sweets will be available in AMC theaters starting this week. Compared to the Zacks Consensus Estimate of $1.33 billion, the reported revenues represent a surprise of +1.2%.

Members will also receive a free large popcorn and fountain drink birthday gift. The new tier level also frees members from online ticketing fees for ticket purchases of four or greater and offers two times the reward points, which can be redeemed for tickets and concessions. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security.

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That investment group, Beijing-based Wanda Group, is still the company’s largest shareholder. Despite a strong latest quarterly earnings beat, AMC is still struggling to stay afloat – and is being pretty open about its financial woes. That hasn’t helped the share price recover, nor does it look set to do Stop-loss so anytime soon if AMC plans more share sales. The average analyst price target suggests the stock could have further upside ahead.

• Spurred by Moana 2‘s debut and strong carryover business for Gladiator II and Wicked, …
• This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system.
• DENVER–(BUSINESS WIRE)–Ray Nutt, CEO of Fathom Events, the leading specialty distributor of content to theatrical partners worldwide, announced that the company is on track for record-breaking gross…
• The number of shares owned by shareholders was adjusted after the closing bell on Wednesday, August 23rd 2023.
• AMC’s latest earnings report for the second quarter was a bright spot against a dismal performance for the stock.
• On Thursday, the company introduced a new rewards tier to its AMC Stubs program.

AMC Preferred Equity Units APE will be converted to AMC common stock the following day. The number of AMC shares will increase from approximately 542.2 million to 550 million shares following the reverse split and stock conversion. AMC Entertainment Holdings, Inc owns, operates, or has an interest in cinema theatres in the United States and Europe but has also expanded into digital and streaming media. In 2000, the company partnered to offer the first online ticket sales and expands it to all theaters, even Empire 25 in New York, the world’s busiest movie theater.

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• As part of the equity distribution agreement approved by the courts, AMC can sell about 390 million new common stock shares worth about $3.4 billion.
• The return to social media of Keith Gill, also known as Roaring Kitty, thrust original meme stocks AMC and GameStop back into the spotlight in 2024.
• The addition of snacks and drinks to the offering was a major boost to revenue.
• The company made headlines again in 2011 with the launch of its STUBS rewards program, a premier program that offers discounts and other deals to its members.
• With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.
• That’s because we believe the present value of its future stream of earnings is what determines the fair value for its stock.

AMC shares have been halted to the downside multiple times and are moving lower on extremely heavy trading volume. According to Benzinga Pro, more than 42 million shares have already been traded in the session, compared to the stock’s 100-day average of 30.94 million shares. Ironically, the stock price plunge might boost short interest and start the memestock cycle all over again.