What's Going On With AMC Entertainment Holdings On Friday?
Portfolio Pulse from Anusuya Lahiri
AMC Entertainment Holdings (NYSE:AMC) stock is trading lower on Friday, influenced by GameStop Corp's (NYSE:GME) poor earnings report and share sale announcement. AMC has introduced several discount programs to attract moviegoers. The stock has lost over 86% in the last 12 months. Investors can also gain exposure through Vanguard Small-Cap ETF (NYSE:VB) and Vanguard Total Stock Market ETF (NYSE:VTI).
June 07, 2024 | 12:48 pm
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NEGATIVE IMPACT
AMC Entertainment's stock is trading lower, influenced by GameStop's poor earnings and share sale announcement. AMC has introduced several discount programs to attract moviegoers.
AMC's stock is negatively impacted by GameStop's poor earnings and share sale announcement. Despite AMC's new discount programs, the overall sentiment remains bearish.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
GameStop reported worse-than-expected first-quarter earnings and announced a share sale, negatively impacting its stock and other meme stocks like AMC.
GameStop's poor earnings report and share sale announcement have a direct negative impact on its stock and indirectly affect other meme stocks like AMC.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 80
NEGATIVE IMPACT
Vanguard Small-Cap ETF (NYSE:VB) may see minor fluctuations due to its exposure to AMC Entertainment, which is experiencing a stock drop.
VB has exposure to AMC, which is experiencing a stock drop. This may cause minor fluctuations in VB's performance.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 30
NEGATIVE IMPACT
Vanguard Total Stock Market ETF (NYSE:VTI) may experience minor fluctuations due to its exposure to AMC Entertainment, which is seeing a stock drop.
VTI has exposure to AMC, which is experiencing a stock drop. This may cause minor fluctuations in VTI's performance.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 30