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Amc Entertainment Holdings Inc

All articles tagged with #amc entertainment holdings inc

finance1 year ago

"AMC Stock Continues Slide Amid Anemic Box Office Performance"

AMC Entertainment Holdings Inc.'s stock hit another all-time low, trading as low as $3.69 and down 7.8% on Monday, on track for a record closing low after ending Friday at $4.01. The stock is also set for its largest daily percentage decline since January 3, reflecting the demise of its meme-stock status. AMC shares have fallen 93.8% over the past 52 weeks, contrasting with the S&P 500 index's gain of 20% in that time. CEO Adam Aron described the recent decline as "so frustrating."

via MarketWatch|
#amc#amc-entertainment-holdings-inc#finance
finance2 years ago

AMC Stock: Bullish Bonds and Warning Signals

AMC Entertainment Holdings Inc. bonds have seen bullish activity, with increased selling on the short end and buying on the longer end, indicating a positive market sentiment. Additionally, AMC has benefited from the success of Taylor Swift's concert film, which is being shown in AMC theaters and distributed by the company. AMC's stock has risen 9.9% in the last five days, outperforming the S&P 500. The company recently completed an equity offering to address liquidity concerns and fortify its balance sheet. AMC will report its third-quarter results after the market closes on Wednesday.

via MarketWatch|
#amc-entertainment-holdings-inc#bonds#bullish-activity
finance2 years ago

AMC Stock Surges, Defying Skeptics and Building Momentum

AMC Entertainment Holdings Inc. stock is up 5.4% and on track for its longest win streak in almost four weeks. The movie theater chain, known as a meme stock, is set to release its third-quarter results on Wednesday. Analysts expect sales of $1.26 billion and a loss of 25 cents per share. AMC's stock has declined by 68.6% in 2023, while rival Cinemark Holdings Inc. reported better-than-expected Q3 results last week.

via MarketWatch|
#amc-entertainment-holdings-inc#earnings-report#finance
finance2 years ago

AMC Stock Plummets as APE Conversion Looms

AMC Entertainment Holdings Inc.'s stock fell 21% ahead of its stock conversion, as the movie-theater chain aims to eliminate debt. The conversion of AMC Preferred Equity units will result in the trading of a single AMC common share class. AMC is also planning a reverse 1-for-10 stock split and an increase in authorized common shares. The APEs, referring to meme stock investors, fell 5.1% on Wednesday. AMC's stock decline follows a two-day losing streak and is the largest daily percentage decline since August 14.

via MarketWatch|
#amc-entertainment-holdings-inc#debt-elimination#finance
business2 years ago

Judge's Ruling Sends AMC Stock Soaring 60%

Shares of AMC Entertainment Holdings Inc. surged over 60% after a Delaware judge rejected a settlement that would have allowed the movie-theater chain to proceed with its plan to convert preferred units into common stock. AMC has been seeking ways to increase its share count and sell more shares to improve its financial situation, but some investors expressed concerns about share dilution. The judge's ruling focused on the fairness of the settlement and did not address other issues raised by AMC stockholders.

via MarketWatch|
#amc-entertainment-holdings-inc#business#delaware-judge
finance2 years ago

AMC Stock Skyrockets as APE Deal Blocked by Judge

AMC Entertainment Holdings Inc. saw its class A shares surge up to 100% in after-hours trading after a Delaware judge denied the company's plan to convert its controversial APE preferred units into common stock. The judge rejected a nine-figure settlement that would have allowed the conversion to proceed, citing concerns about dilution of ordinary shareholders. The ruling sends the case back to the drawing board, as AMC seeks to recapitalize and navigate rising interest rates. The APE units sank as much as 63% in response to the ruling.

via Yahoo Finance|
#amc-entertainment-holdings-inc#ape-preferred-units#delaware-judge
business2 years ago

AMC Stock Skyrockets as Judge Rejects APE Deal

AMC Entertainment Holdings Inc. has been blocked by a Delaware judge from converting its APE preferred units into common stock, causing the company's class A shares to surge up to 100% in after-hours trading. The judge rejected a settlement that would have allowed the conversion while mitigating dilution for ordinary shareholders. The ruling sends the case back to the drawing board, as AMC seeks to recapitalize amid rising interest rates. The APE units, which have been the subject of litigation since February, sank as much as 63%. The shareholder lawsuit accuses AMC of an illegal corporate engineering scheme.

via Bloomberg Law|
#amc-entertainment-holdings-inc#ape-preferred-units#business
finance2 years ago

Citigroup's Catalyst Watch Triggers AMC Share Drop

AMC Entertainment Holdings Inc.'s stock fell after Citigroup opened a downside 30-day catalyst watch, anticipating downward pressure in the coming days. Investors are awaiting a chancery court decision that could allow the company to convert its AMC Preferred Equity units into common stock. Shareholders previously voted in favor of the conversion, but a class-action lawsuit delayed the process. Citigroup expects a ruling in favor of the proposal, which could lead to a convergence in the value of AMC common units and APE units, potentially putting downward pressure on AMC shares.

via MarketWatch|
#amc-entertainment-holdings-inc#ape-units#chancery-court
finance2 years ago

AMC's Stock Conversion Battle Reaches Endgame in Delaware Court

AMC Entertainment Holdings Inc.'s stock fell while its AMC Preferred Equity units (APEs) rose as the company's battle to convert APEs into common stock reached the Delaware Chancery Court. AMC shareholders previously voted in favor of the stock conversion proposal, which is part of the company's efforts to eliminate debt. A settlement agreement has been reached, pending approval from a chancery judge. The largest investor in the APEs, Antara Capital LP, has reduced its stake to below 10%.

via MarketWatch|
#amc-entertainment-holdings-inc#ape-units#debt-elimination