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

AMC Entertainment Holdings Inc. has reported a 12.2% year-on-year increase in attendance.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 10:18 am

AMC Entertainment Holdings (NYSE:AMC) reported Q2 sales of $1.35 billion, beating the analyst consensus estimate of $1.29 billion by 4.49 percent. This represents a 15.56 percent increase over sales of $1.17 billion in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 10:14 am

AMC Entertainment Holdings is set to report its Q2 financial results. Analysts expect a revenue of $1.27 billion and a loss of 5 cents per share. The company has consistently beat revenue and EPS estimates in the past. Analysts have been bearish on AMC shares with minimal coverage of the stock. Key items to watch include box office revenue and the impact of blockbuster movies. The success of movies like 'Barbie' and 'Oppenheimer' could significantly impact AMC's Q3. AMC's liquidity is also a concern, with a judge overturning a decision to convert AMC Preferred Equity Units into AMC common shares.

Portfolio Pulse from Chris Katje

August 07, 2023 | 7:35 pm

AMC shares are trading higher due to recent theater attendance and strong box office performances from 'Oppenheimer' and 'Barbie.'

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 3:45 pm

AMC Entertainment Holdings, Inc. (NASDAQ:AMC) shares are trading higher, with a 17% increase over the last month due to the 'Barbenheimer' movie phenomenon and renewed interest in 'meme' stocks. The company announced its 'best week ever' based on admissions revenue from July 21 through July 27. AMC is one of the top trending tickers on Yahoo! Finance, with 32.32% of available shares being sold short. The company is set to release its Q2 financial reports on Tuesday.

Portfolio Pulse from Erica Kollmann

August 07, 2023 | 3:30 pm

Yellow Corporation (YELL) has filed for bankruptcy, causing its stock to surge by 861% in three days due to aggressive buying by the 'meme crowd'. Despite the bankruptcy, the meme crowd is urging further investment in YELL. The article also mentions that earnings have dropped by 5.2% compared to the same quarter last year, but the stock market is significantly higher. Money flows are positive for Amazon (AMZN), NVIDIA (NVDA), and Microsoft (MSFT), but negative for Alphabet (GOOG), Meta Platforms (META), Tesla (TSLA), and Apple (AAPL).

Portfolio Pulse from The Arora Report

August 07, 2023 | 3:08 pm

The S&P 500 dropped after Fitch Ratings downgraded the US government's credit rating from AAA to AA+. Treasury yields reached a nine-month high, causing investors to sell equity assets in favor of bonds. Apple's shares fell due to a drop in iPhone sales, while Amazon's shares climbed to a 12-month high after reporting strong Q2 profits. Robinhood, Qualcomm, and PayPal also saw a decrease in share prices, while Starbucks' shares rose due to increased sales in China. Next week, earnings reports from Lucid Group, Eli Lilly and Company, AMC Entertainment, Fox Corp, United Parcel Service, The Walt Disney Company, Sony Group, Alibaba Group, and Novo Nordisk will be closely watched.

Portfolio Pulse from Natan Ponieman

August 04, 2023 | 8:28 pm

Tupperware Brands Corp (TUP) shares have rallied over 430% in July and 26% in August due to increased retail interest and high short interest. The stock's surge was influenced by the retail-driven short squeeze that started after AMC Entertainment's shares surged. However, Jim Cramer of CNBC has warned that Tupperware may have to file for bankruptcy. The company is expected to report its Q2 earnings in about two weeks.

Portfolio Pulse from Adam Eckert

August 04, 2023 | 11:19 am

AMC Entertainment Holdings has an option alert for Sep 15 $7 calls sweep near the ask: 2000 @ $0.46 vs 14783 open interest. The company's earnings will be announced after close on 8/8. The reference price is $4.94.

Portfolio Pulse from Charles Gross

August 04, 2023 | 10:14 am

Jim Cramer warns that the recent surge in meme stocks, including Tupperware Brands Corp (TUP), is a bad omen for the broader market. Tupperware shares soared over 430% last month due to a retail-driven short squeeze. Cramer believes Tupperware is headed for bankruptcy despite its recent popularity among retail traders.

Portfolio Pulse from Adam Eckert

August 04, 2023 | 9:58 am

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