AMC Entertainment Holdings Inc. and GameStop Corporation have both been trading in bearish downtrends since Nov. 23, making consistent lower highs and lower lows. On Monday, AMC and GameStop plummeted about 15 percent and 16 percent, respectively, and on Tuesday both stocks were attempting to erase some of their losses. The two retail favorites were…
Chart Wars: What Will It Take for AMC and GameStop to Buck the Downtrend?
5 Short Squeeze Candidates to Watch: Petros Pharma Tops List With 254 Percent Cost to Borrow, One of Highest Figures on Record
Potential short squeeze plays have gained steam in 2021 with new retail traders looking for the next huge move. GameStop Corp. and AMC Entertainment Holdings are two high-profile examples of short-squeezes earlier this year. A short squeeze can occur when a heavily shorted stock rises in value instead of falling. Short sellers could be looking…
Fear Selling or Manipulation? AMC Entertainment Stock Plummets to 6-Month Low
AMC Entertainment Holdings, Inc. was plummeting over 17 percent on Monday after breaking bearishly from a bear flag pattern on the daily chart that Benzinga called out on Friday morning. Insiders have been on a selling spree recently with CEO Adam Aron and CFO Sean Goodman cashing out a combined $10.2 million in stock on…
AMC Entertainment’s Stock Holds Strong, but Can It Bust Through This Key Pattern?
AMC Entertainment Holdings Inc was trading slightly lower on Thursday after Wedbush downgraded the stock from Neutral to Underperform and gave a 12-month price target of $7.50. “Ultimately the majority of retail ownership will eventually cash out and move on,” analyst Alicia Reese wrote in a note. That is yet to be seen, however, as…
Why Jim Cramer Says AMC Entertainment CEO Adam Aron Is ‘Pulling Off a Miracle’
Jim Cramer still believes in AMC Entertainment Holdings Inc.’s stock because of AMC Entertainment CEO Adam Aron, he said Monday on CNBC’s “Squawk On The Street.” Cramer told CNBC that Aron texted him Monday morning with “really encouraging” box office numbers that show the company is “finally on the rebound back to where they were…
Theater Chain AMC to Accept Other Cryptocurrencies Along With Bitcoin
September 16, 2021
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AMC Entertainment Holdings Inc. boss Adam Aron said the theater chain would accept ether, bitcoin cash and litecoin alongside bitcoin for ticket purchases, as cryptocurrencies gain acceptance among mainstream investors and companies. “Cryptocurrency enthusiasts: you likely know @AMCTheatres has announced we will accept Bitcoin for online ticket and concession payments by year-end 2021. I can…
Labor Day Weekend Helps AMC Outpace 2019 for First Time Amid Pandemic
By Entrepreneur Staff AMC announced Tuesday that Labor Day weekend gave the theater chain a much-needed bump: More people went to movies at AMC over the weekend this year than the same weekend in 2019. Labor Day weekend marked the first time AMC outpaced 2019 since the beginning of the COVID-19 pandemic. Notably, this year…
NTD Business Full Broadcast (Aug. 10)
The massive spending bills being debated in congress are expected to increase the federal deficit by a great deal, would it impact your retirement funds? Amazon to start paying customers if they get injured by products they bought on the platform. Even if it was from a third party seller. But the e-commerce giant says that…
Wanda Group Fully Withdraws From AMC in Nearly $1.5 Billion Stock Liquidation
Chinese investment firm Wanda Group has sold off the majority of its stake in AMC Theatres, exiting the U.S. movie theatre business. Dalian Wanda Group, owned by former Chinese Tycoon Wang Jianling, announced on its official website that, as of May, it has officially liquidated all its assets in AMC Entertainment Holdings Inc. and resigned…
Biggest US Movie Theater Chains Drop Mask Mandates for Vaccinated Patrons
The three largest movie theater chains in the United States announced on Friday that they will no longer require masks for customers vaccinated against the CCP virus. AMC, Regal and Cinemark posted announcements on their website on May 28 regarding the relaxed rules. “In accordance with CDC guidelines, masks are not required for guests who…
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