A record-setting Memorial Day holiday is how much do forex traders make yet another sign of the continued strength and relevance of moviegoing in 2025,” said Adam Aron, CEO of AMC Entertainment. 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. These firms have been generally unloved by most mainstream investors, as reflected in their previously desultory share prices.
AMC Entertainment (AMC) News Today
AMC’s latest earnings report for the second quarter was a bright spot against a dismal performance for the stock. AMC reported earnings of 1 cent per share on revenue of $1.35 billion, far surpassing analyst expectations of a loss of 4 cents per share on $1.29 billion revenue. AMC shareholders celebrated the strong weekend by sending shares up over 20% by midday Tuesday. Here’s a look at recent price target changes Analyst Ratings. Check out how analysts covering AMC have performed in how much money can i make in real estate crowdfunding recent history.
If anyone thinks AMC wants to get into a litigation fight with its shareholders over conversion plans and stock sales for fun, they’re wrong. It’s all being fought to pay off some of AMC’s considerable debt mountain, which Bloomberg puts the figure at $9.5 billion. The cinema has previously used the now-defunct APE shares to pay off $548 million in debt. AMC shares closed at a record low on Wednesday, plunging 37% to hit a price of $8.62. That’s on top of a 35% share price slide that happened after AMC converted its stock in August, taking AMC’s share price down 83.7% since the start of the year.
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Leading the way is video game retailer GameStop, whose shares have soared approximately 180% to $48.75 after closing at $17.39 Friday. “This is really a testament to his movie stardom still commanding the big screen,” Maldonado said. And despite the success and staying power of theaters, she added that streaming has changed the way moviegoers choose what to see in theaters.
However, if moviegoers want access to the benefits without qualifying through movies or points, they can sign up for AMC Stubs Premiere for $17.99 per year. AMC said Premiere members receive all the benefits of AMC Stubs Premiere GO! An investor can make a few decisions when deciding whether a stock is a good buy. Wednesday’s drop was the biggest one-day sell-off AMC stock has seen since February 2021.
By driving up the price and “squeezing” these short sellers, Gill and his cohort created massive losses for the skeptics, which included large hedge funds and institutional traders. But on Monday, one of the chief meme-stock cheerleaders, known by the online moniker Roaring Kitty, posted a meme signaling he was planning to become active again. Last month, AMC’s CEO Adam Aron released a statement on X stating the goal for the company was “Do not let AMC fall into financial ruin, ensure that AMC survives, put AMC on a path to eventually thrive”. The sale could represent as much as 7.7% of the 519.2 million shares outstanding. “With so few family-friendly options in theaters, it makes sense for the live-action ‘Lilo & Stitch’ to perform well — just like ‘Moana 2’ grossed over $1 billion dollars in the box office,” Maldonado said.
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AMC Preferred Equity Units APE will be converted to AMC common stock the following day. The number of thinkmarkets broker review AMC shares will increase from approximately 542.2 million to 550 million shares following the reverse split and stock conversion. 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 so anytime soon if AMC plans more share sales. The company on Monday announced it saw its highest domestic revenue ever during the pre-Thanksgiving weekend.
AMC Entertainment Stock Is Rising Tuesday: What’s Going On?
Under the agreement, AMC will provide an estimated $129 million of stock to common shareholders to nix any legal claims about the stock conversion plan in the bud. Wall Street analysts have an average 12-month price target of $5 on AMC. The Street-high target is currently at $6 and the Street-low target is $4. Of all the analysts covering AMC, one has a neutral rating and one has a negative rating. Last Friday, Citigroup analyst Jason Bazinet maintained AMC Entertainment Holdings with a Sell rating and lowered the price target from $1.65 to $1.55. Discover which analysts rank highest on predicting the price target of AMC.
The stock appears to be moving on continued downward momentum. AMC noted that it expects to remain busy heading into the Thanksgiving holiday weekend with the highly anticipated “Moana 2” release set for Wednesday. Ironically, this action actually reduces the value of shares held by the speculators.
The theater chain said seven million people watched movies on its screens
- But on Monday, one of the chief meme-stock cheerleaders, known by the online moniker Roaring Kitty, posted a meme signaling he was planning to become active again.
- The beleaguered cinema chain AMC Entertainment has announced plans to sell more of its common shares.
- “With many more potentially huge movies coming in June all the way through the end of 2025, and beyond that deeply into 2026 as well, we firmly expect to be enjoying a robust theatrical box office as we look ahead,” Aron said.
- 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.
AMC previously reached memestock status in 2021 when Reddit retail traders bought up the stock while it was heavily shorted. Since then, AMC has capitalized on the stock’s newfound notoriety by regularly issuing new shares to raise capital. That attitude helped AMC survive the pandemic, but now, investors have had enough. The average stock market return is approximately 10% per year. The average analyst price target suggests the stock could have further upside ahead.
- A record-setting Memorial Day holiday is yet another sign of the continued strength and relevance of moviegoing in 2025,” said Adam Aron, CEO of AMC Entertainment.
- The plan was initially shared back in March, quickly drawing the ire of AMC shareholders and sparking litigation.
- Tuesday morning, AMC announced it had raised $250 million off the run-up in its stock value from the near-doubling of its share price Monday (though it was just $3 to $5 per share).
As far as anyone knows, the companies whose stocks are being traded as meme stocks haven’t actually done anything to reorient their fortunes in a way that would merit the tremendous run-up in their stock prices. Things are looking up for AMC after a strong quarter ahead of the summer blockbuster, which should be reflected in its Q3 results later this year. But the company would prefer to risk the wrath of Wall Street than stop its plans to sell shares to raise some much-needed cash to fix its liquidity problems. “Finally it would appear that our industry has turned a corner. On Thursday, the company introduced a new rewards tier to its AMC Stubs program. Since early April, weekend after weekend, moviegoers have been demonstrating their preference for theatrical moviegoing.
All told, more than 7 million moviegoers visited an AMC in the United States or an ODEON (an AMC brand) Cinemas location internationally from Thursday through Monday. Gives our Insider members an exciting and achievable pathway to unlock enhanced rewards simply by enjoying the movies they love,” said Ellen Copaken, senior vice president of Marketing at AMC. AMC also said the five-day period represented the largest food and beverage revenue over a five-day period this decade, and second biggest in company history. More than seven million people attended AMC locations in the U.S. and ODEON Cinemas internationally, which helped the company record its highest-attended Friday, Saturday and Sunday of the year in the U.S. Discover which analysts rank highest on predicting the directional movement of AMC. But the goals of meme-stock participants are not solely to make a quick buck.
A more straightforward question to answer might be, what isn’t happening? Before this week’s announcement, a flurry of activity in AMC stock in recent weeks has left investors uneasy. Our free, fast, and fun briefing on the global economy, delivered every weekday morning. AMC also said it counted a record number of guests in its theaters, both in the United States and globally. For those who love buttered popcorn and Milk Duds in front of the big screen, Memorial Day weekend was a good weekend. It also was good for AMC Entertainment (AMC-1.68%), which operates 10,000 screens in 900 theaters across the globe.
