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

U.S. stocks traded lower with the Nasdaq Composite falling more than 1%. Core & Main Inc reported a Q2 miss and narrowed its FY23 guidance. Palisade Bio, Cidara Therapeutics, and Marin Software saw their shares rise due to various positive developments. EZGO Technologies, Akoustis Technologies, and AMC Entertainment saw their shares drop due to negative news. Crude oil rose by 1.4% while gold and silver traded down.

Portfolio Pulse from Lisa Levin

September 06, 2023 | 6:41 pm

Benzinga's options activity scanner has identified significant options activity in 10 communication services stocks. The stocks include Netflix (NFLX), Warner Music Group (WMG), Paratek Pharmaceuticals (PARA), WBD (WBD), Roku (ROKU), AMC Entertainment (AMC), Baidu (BIDU), Google (GOOG), T-Mobile US (TMUS), and Alphabet (GOOGL). The options activity ranges from bearish to bullish and neutral sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 5:35 pm

The concert film 'Taylor Swift: The Eras Tour' is expected to be a major hit at the box office, with cinema owners predicting a record $100M opening. The film will be shown in theaters across the U.S. and Canada for several weekends, starting from Oct. 13. AMC Theatres, the world's largest exhibitor, has secured distribution rights for the film and has partnered with indie distributor Variance to show the film in rival cinemas. AMC's presales for the film hit a record-breaking $26M within the first 24 hours.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 5:23 pm

The article lists the stocks that gained and lost the most during Wednesday's mid-day trading session. Among the gainers were Palisade Bio, FOXO Technologies, iCoreConnect, Marin Software, and AeroVironment, which all saw significant increases in their share prices due to various positive developments. On the other hand, EZGO Technologies, Verb Technology Company, The Alkaline Water Company, Lion Group Holding, and Akoustis Technologies were among the biggest losers, with their share prices falling due to various negative developments.

Portfolio Pulse from Lisa Levin

September 06, 2023 | 5:16 pm

U.S. stocks traded lower with the Dow Jones falling around 200 points. The ISM services PMI rose to 54.5 in August, indicating the strongest growth in the services activity in six months. Palisade Bio, FOXO Technologies, and Marin Software saw their shares rise due to various positive developments. However, EZGO Technologies, Akoustis Technologies, and AMC Entertainment saw their shares drop due to negative news.

Portfolio Pulse from Lisa Levin

September 06, 2023 | 4:05 pm

AMC Entertainment Holdings, Inc (NYSE:AMC) stock plunged over 20% following an agreement to sell up to 40 million shares through an equity distribution agreement with several Wall Street investment banks. This follows two weeks of downward pressure after AMC implemented a 10-1 reverse stock split and converted its preferred equity shares into common stock. The stock could be forming a bearish flag pattern or a bullish double-bottom pattern near the $10.73 mark.

Portfolio Pulse from Melanie Schaffer

September 06, 2023 | 4:01 pm

AMC Entertainment Holdings Inc (NYSE:AMC) shares are falling after the company entered into an equity distribution agreement to sell up to 40 million shares through an at-the-market offering. The company intends to use the net proceeds from the sale for various purposes including to bolster liquidity and repay existing debt. The news comes a week after AMC implemented a 10-to-1 reverse stock split.

Portfolio Pulse from Adam Eckert

September 06, 2023 | 1:23 pm

AMC Entertainment Holdings Inc. has entered an equity distribution agreement for up to 40 million shares at an at-the-market program, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 12:51 pm

AMC Entertainment Holdings, Inc. has entered into an equity distribution agreement to sell up to 40 million shares of its Class A common stock through an 'at-the-market' offering program.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 12:35 pm

Theater stocks, including AMC and NCMI, are trading higher due to strong advance ticket sales for 'The Eras Tour' film.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 5:08 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.