Streetbeat News

AMC

AMC Entertainment Holdings, Inc.

https://www.amctheatres.com

Industry

Entertainment

AMC Entertainment Holdings, Inc., through its subsidiaries, engages in the theatrical exhibition business. The company owns, operates, or has interests in theatres in the United States and Europe. As of March 1, 2022, it operated approximately 950 theatres and 10,600 screens. The company was founded in 1920 and is headquartered in Leawood, Kansas.

Open

2.88

Mkt cap

1.3B

Volume

7.8M

High

3.00

P/E Ratio

-2.74

52-wk high

11.88

Low

2.86

Div yield

N/A

52-wk low

2.38

The upcoming simultaneous release of 'Wicked' and 'Gladiator II' is drawing comparisons to the successful 'Barbenheimer' weekend. Universal's 'Wicked' will now open on Nov. 22, 2024, competing with Paramount's 'Gladiator II'. This could boost ticket sales and benefit movie theater stocks like AMC and Cinemark.

Portfolio Pulse from Chris Katje

July 03, 2024 | 4:41 pm

AMC Entertainment Holdings Inc (NYSE:AMC) shares are experiencing volatility due to multiple factors. The success of 'Inside Out 2' at the box office, generating $1.014 billion globally, is a positive development. However, the news of GameStop Corp (NYSE:GME) trader Keith Gill's new stake in Chewy Inc (NYSE:CHWY) and the subsequent drop in GameStop shares are weighing on AMC. Additionally, AMC is in talks with lenders to reduce its $2.8 billion debt due in 2026.

Portfolio Pulse from Adam Eckert

July 01, 2024 | 6:24 pm

The article lists the top 10 most-searched tickers on Benzinga Pro for June 2024, highlighting Nvidia, GameStop, SPDR S&P 500 ETF Trust, Tesla, and Apple among others. Nvidia regained the top spot, while GameStop saw a surge in interest. Newcomers MicroAlgo and Actelis Networks also made the top 10.

Portfolio Pulse from Chris Katje

July 01, 2024 | 4:12 pm

The year 2024 has seen a record-breaking number of new ETFs, driven by active fund managers. A total of 236 ETFs have been launched, including 166 actively managed ones. Capital Group and BlackRock have significantly expanded their active ETF offerings. A joint venture between REX Shares and Tuttle Capital Management plans to launch single-stock ETFs for companies like Trump Media, GameStop, and AMC Entertainment. Active ETFs have attracted nearly $100 billion in the first five months of 2024, while mutual funds have lost about $150 billion.

Portfolio Pulse from Benzinga Neuro

June 27, 2024 | 1:17 pm

AMC Entertainment Holdings Inc. (NYSE:AMC) shares are trading higher following recent developments, including confidential debt reduction talks, a capital raise, and strong attendance figures. The company also reported better-than-expected financial results for the last quarter.

Portfolio Pulse from Vaishali Prayag

June 26, 2024 | 7:42 pm

Disney's 'Inside Out 2' has become the highest-grossing film of 2024, nearing the $1 billion milestone. This success could positively impact Disney (DIS) and movie theater companies like AMC Entertainment (AMC) and Cinemark Holdings (CNK). Upcoming releases like 'Deadpool & Wolverine' are also expected to boost revenues.

Portfolio Pulse from Chris Katje

June 24, 2024 | 6:44 pm

'Inside Out 2' has become the highest-grossing film of 2024 globally after just two weekends, according to Disney.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 3:48 pm

AMC Entertainment Holdings Inc (NYSE:AMC) is in confidential talks with lenders to reduce its debt and extend near-term maturities. The company has over $2.8 billion in maturities due in 2026. AMC has also raised $250 million through a recent equity offering. The stock has been volatile due to renewed interest in meme stocks, partly driven by GameStop Corp (NYSE:GME) trader Keith Gill. Additionally, AMC may be benefiting from the success of 'Inside Out 2' at the box office.

Portfolio Pulse from Adam Eckert

June 24, 2024 | 1:26 pm

Trump Media & Technology Group Corp (NASDAQ:DJT) is trading higher after announcing it expects to receive over $69.4 million from the cash exercise of warrants in June 2024. The company could receive up to $247 million if all warrants are exercised. Despite a significant decline in market value, TMTG plans to use the funds for platform development and potential mergers and acquisitions.

Portfolio Pulse from Anusuya Lahiri

June 24, 2024 | 12:01 pm

AMC Entertainment Holdings, Inc. has initiated discussions with its lenders to reduce its debt and extend the maturities of its obligations. This move is aimed at improving the company's financial stability.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 7:53 pm

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