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

Netflix Inc (NASDAQ:NFLX) is diversifying by opening two 'experiential entertainment venues' in Texas and Pennsylvania shopping malls, which could benefit both Netflix and the mall sector. The new venues will feature experiences based on popular Netflix shows, restaurants, and merchandise. This move could help fill vacancies in malls and increase foot traffic.

Portfolio Pulse from Chris Katje

June 21, 2024 | 6:43 pm

Keith Gill's return to social media has reignited interest in meme stocks like GameStop and AMC, causing their prices to surge. Investors looking to capitalize on this trend can consider three ETFs: VanEck Social Sentiment ETF (BUZZ), SoFi Social 50 ETF (SFYF), and Amplify Transformational Data Sharing ETF (BLOK). These ETFs offer exposure to stocks driven by social sentiment and meme stock phenomena.

Portfolio Pulse from Surbhi Jain

June 19, 2024 | 1:01 pm

AMC Entertainment Holdings Inc (NYSE:AMC) shares are trading slightly higher after the company reported its most attended and highest grossing weekend of 2024, driven by the opening of 'Inside Out 2' and strong holdover from 'Bad Boys: Ride or Die.' Over one million people visited AMC theaters each day last weekend, with total U.S. attendance reaching approximately 3.8 million. AMC's international theaters also saw double-digit percentage increases in attendance. Additionally, GameStop Corp (NYSE:GME) has seen increased attention from retail investors following the return of trader Keith Gill to social media. GameStop CEO Ryan Cohen emphasized profitability and store reduction in the company's future plans during the annual shareholder meeting.

Portfolio Pulse from Adam Eckert

June 18, 2024 | 4:48 pm

Disney's 'Inside Out 2' has achieved a record-breaking opening weekend, grossing $295 million worldwide. This success is expected to positively impact Disney and movie theater stocks like AMC, Cinemark, and Imax.

Portfolio Pulse from Chris Katje

June 17, 2024 | 8:47 pm

AMC Entertainment Holdings Inc (NYSE:AMC) shares are trading higher after the company announced its most attended and highest grossing weekend of 2024, driven by the opening of 'Inside Out 2' and strong holdover from 'Bad Boys: Ride or Die.' Over 3.8 million people attended AMC theaters in the U.S. over the weekend, with international attendance also up by double digits. Additionally, AMC and other high short interest stocks have seen increased retail investor attention following the return of GameStop Corp (NYSE:GME) trader Keith Gill to social media.

Portfolio Pulse from Adam Eckert

June 17, 2024 | 2:42 pm

AMC Theatres reported its highest attendance and admissions revenue of 2024 during the June 13-16 weekend, driven by the releases of 'Inside Out 2' and 'Bad Boys: Ride Or Die'. The company saw over 1 million moviegoers each day and experienced double-digit international growth.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 1:30 pm

The Reddit group r/wallstreetbets, known for the GameStop and AMC short squeezes, is now focusing on investment opportunities in the Indian stock market. A detailed thesis on the subreddit highlights India's economic growth, young population, and increasing number of college students as key factors for potential gains.

Portfolio Pulse from Rounak Jain

June 17, 2024 | 12:44 pm

South Korea has extended its ban on short selling until March 30, 2025, to combat illegal naked short-selling practices. The decision follows fines imposed on HSBC Holdings and BNP Paribas. The government will impose life imprisonment and harsher fines for illegal short-selling activities.

Portfolio Pulse from Hayden Buckfire

June 14, 2024 | 3:33 pm

'Inside Out 2' generates excitement with $13M in previews, aiming for a $100M opening weekend. The 'Bad Boys' franchise surpasses $1 billion worldwide.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 3:00 pm

Disney is banking on upcoming releases 'Inside Out 2,' 'Moana 2,' and 'Deadpool & Wolverine' to recover from a disappointing box office performance in 2023. These films are expected to boost Disney's financials and also benefit theater chains like AMC.

Portfolio Pulse from Chris Katje

June 13, 2024 | 10:45 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.