Latest in amc stock

Giant theater chain AMC Entertainment said it expects revenue for the three months ended in December jumped to $1.17 billion from $162.5 million the year before in preliminary numbers  released Tuesday morning. The numbers aren’t the company’s official fourth-quarter report which is still to be released TBA. The…

In early January, AMC Entertainment CEO Adam Aron announced a New Year's Resolution to refinance high interest debt the chain took on to survive the pandemic. Today, the WSJ reports he's "in advanced talks with multiple parties" to do just that but a dip in the company’s stock (and its bonds) hasn’t helped. "The…

AMC Entertainment CEO Adam Aron has sold another tranche of stock, the latest in a flurry of selling he had warned investors was coming but said today is now over. According to an SEC filing, the exec unloaded 312,500 shares yesterday at $22.846 — so about $7.14 million. Last month, he divested $9.65 million worth of…

AMC Entertainment saw revenue jump to $763 million last quarter, beating Wall Street forecasts on a strong movie slate and accelerating theatrical recovery. Adjusted EPS losses of 44 cents a share shrank from a loss of $8.41 a year ago. Analysts had anticipated sales of $708 million with an EPS loss of 53 cents. As of…

Shares of AMC Entertainment led exhibition stocks higher Monday after the FDA granted a long-awaited full approval for the Pfizer Covid-19 vaccine. The hope is that the move – valid for those age 16 and up — will chip away at vaccine hesitancy, which has stalled the U.S. rollout of shots, and make it easier for…

UPDATED with more info: Trading in AMC Entertainment was halted twice by NYSE regulators Wednesday with the stock surging past $60 (nearly double where shares closed Tuesday) as CEO Adam Aron embraced retail traders on Reddit and social media platforms and they hugged him right back. The stock exchange halted trading…

Exhibition ruled the stock market today after a long holiday weekend saw Paramount's A Quiet Place Part II crush it, earning $57 million over four days. That’s not far from the $60 million that the John Krasinski-directed sequel was anticipated to do in its 3-day opening pre-pandemic, according to my colleague Anthony…

AMC Entertainment shares have more than doubled this week with a 45% surge — and still rising — on Thursday that catapulted the exhibitor past a $12 billion market capitalization. Retail traders on social media swore they’d keep buying, and not sell. AMC CEO Adam Aron has said that more than 3 million individual…

AMC Entertainment's onetime owner, China's Dalian Wanda Group, has pretty much cashed out completely from the theater chain, revealing in an SEC filing Friday that it has pared its stake to a barely there 0.002%. Wanda first acquired AMC's super-voting Class B stock – with three votes a share – in 2012, making it the…

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…