Latest in amc stock

Shares of the happiest of exhibitors AMC Entertainment continued an upward trajectory Monday fueled by retail traders on Reddit chat rooms, even as a leading Wall Street analyst downgraded the stock to 'sell' and valued it at $1. "In our view, the recent volatility and spike in the company’s stock, thanks to the…

UPDATE: Private equity firm Silver Lake, which has been one of the biggest stakeholders in AMC Entertainment in recent years, has sold its entire position in the top movie theater chain after a dramatic runup in its stock. In an SEC filing after the close of trading, AMC said Silver Lake sold shares at between $14 and…

Reddit-pumped stocks from AMC Entertainment to GameStop fell Thursday as the rest of the market soared – a reversal of the day before when retail traders in crowded chat rooms joined forces to push selected names skyward and sent the market into conniptions. The nation's largest exhibitor, AMC is down 50% after…

UPDATED with market close: Stocks erased earlier gains and closed at a three-year low Friday as investors weighed a rising coronavirus infection count against massive stimulus measures from global policymakers – and the former seemed to get the upper hand. Especially after a Goldman Sachs economist predicted weekly …

UPDATED with trading floor news, market close: The NYSE announced Wednesday afternoon that the floor of the New York Stock Exchange would be closed starting Monday to adhere to guidelines on large gatherings. Trading will continue electronically. Most systems are already electronic. There have been calls to halt…

The world's largest theater chain may face a cash crunch, forcing it to sell assets or raise dilutive financing as the exhibition business is in an uphill battle against the spreading coronavirus The theater industry was already facing a tough 2020 before Covid-19 hit, noted analyst Alan Gould of Loop Capital. AMC Ente…