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

Disney shares are trading higher due to the strong box office performance of 'Deadpool & Wolverine,' which set IMAX records and achieved an all-time opening weekend record for an R-rated film. AMC Entertainment also benefited from the film's success, with it becoming their highest revenue-generating merchandise program of the year. Disney is set to report its third-quarter earnings on August 7th.

Portfolio Pulse from Vaishali Prayag

July 29, 2024 | 5:51 pm

AMC Entertainment Holdings Inc (NYSE:AMC) shares are rising after the company reported record-breaking weekend attendance and admissions revenue for 2024. The success was driven by the opening weekend of Walt Disney Co (NYSE:DIS) and Marvel's 'Deadpool & Wolverine,' which set new records for an R-rated film. AMC also saw its highest food and beverage revenue since 2019 and strong merchandise sales.

Portfolio Pulse from Adam Eckert

July 29, 2024 | 3:24 pm

AMC Entertainment reported record weekend attendance and admissions revenue at its US theaters from Thursday to Sunday, setting a new high for 2024.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 12:18 pm

The upcoming week is crucial for tech stocks as major companies like Apple, Amazon, Microsoft, and Meta are set to report their earnings. Last week's earnings were mixed, with Tesla, Alphabet, and STMicroelectronics disappointing investors. However, IBM saw positive reactions due to strong AI bookings. Analysts are optimistic about the tech sector's future, especially with significant AI investments expected. The Invesco QQQ Trust and SPDR S&P 500 ETF Trust showed mixed performance last week.

Portfolio Pulse from Shanthi Rexaline

July 29, 2024 | 10:25 am

The Marvel Entertainment and Walt Disney collaboration, 'Deadpool & Wolverine,' has set new box office records, grossing over $438.3 million worldwide in its opening weekend. The film's success has positively impacted the stocks of Walt Disney, AMC Entertainment Holdings, and Imax.

Portfolio Pulse from Ananya Gairola

July 29, 2024 | 3:38 am

Benzinga reviewed the performance of popular stocks and economic indicators over the past week. The S&P 500 and Nasdaq experienced losses, while the Dow and Russell 2000 saw gains. Key economic data showed stronger-than-expected growth and lower inflation, raising hopes for interest rate cuts. The article highlighted bullish and bearish stock analyses, including AMC's debt restructuring, Tesla's innovation-driven growth, and concerns over Alphabet's AI investments.

Portfolio Pulse from Michael Cohen

July 27, 2024 | 3:59 pm

Disney, AMC, and IMAX stocks surged after 'Deadpool & Wolverine' broke box office records with $38.5 million in Thursday previews, the highest ever for an R-rated film. The film's success is expected to continue over the weekend, boosting the prospects of Disney, AMC Entertainment, and IMAX.

Portfolio Pulse from Anusuya Lahiri

July 26, 2024 | 6:05 pm

GameStop Corporation (NYSE:GME) saw a slight drop in its share price on Thursday, influenced by bearish institutional investor sentiment and options trading. Analysts have a negative outlook with price targets ranging from $7 to $11, suggesting potential downside.

Portfolio Pulse from Vaishali Prayag

July 25, 2024 | 8:05 pm

AMC Entertainment Holdings, Inc (NYSE:AMC) saw a 7% increase in stock price on Thursday, reversing its losses from Wednesday. This boost was influenced by Imax Corp’s (NYSE:IMAX) strong second-quarter results, which exceeded analyst expectations. Imax's positive outlook and increased system installation guidance for 2024 also contributed to the positive sentiment. AMC's CEO remains optimistic about future box office performance despite recent disappointments.

Portfolio Pulse from Anusuya Lahiri

July 25, 2024 | 7:19 pm

Wedbush analyst Alicia Reese has reiterated a Neutral rating on AMC Entertainment Holdings (NYSE:AMC) and maintained a $4 price target.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 1:25 pm

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