Wendy Stuart will be hosting TriVersity Talk! this Wednesday at 7 PM ET with featured guests Lady Clover Honey and Gladiola Gladrags. This episode is a part of The Best of Triversity Talk series. TriVersity Talk! is a weekly web series with featured guests discussing their lives, activism and pressing issues in the LGBTQ Community.
amc stock
AMC Entertainment shares are down more than 16% before the opening bell after the nation’s biggest theater chain said it might sell up to $250 million-worth of stock, citing a low first-quarter box office. The company said it intends to use the net proceeds, if any, from the sale “to bolster liquidity, to repay, refinance,
AMC Entertainment shares rallied as the company completed a previously disclosed equity offering, raising about $325.5 million of new capital. The company said it sold 40 million shares at an average price of approximately $8.14 per share. The move significantly boosts AMC’s cash reserves, addresses current liquidity concerns, and fortifies the balance sheet, AMC said.
AMC Entertainment is setting the table to sell up to 40 million shares, which it can now do with stockholder approval and after it dispensed with its APE units. But just because stockholders approved a sale doesn’t mean they’re happy with the move, which dilutes their holdings. AMC shares are down more than 20% in
CEO Adam Aron has expounded on Twitter and most recently on AMC Entertainment’s latest earnings call about the risk of a cash crunch and even bankruptcy if it wasn’t able to secure financing in a still uncertain box office climate. Today he can breathe easier as a Delaware Chancery Court Judge approved a revised shareholder
AMC Entertainment’s CEO Adam Aron warned that the chain risks financial peril if it can’t raise fresh cash as needed while exhibition continues its post-Covid recovery amid Hollywood strikes. The world’s biggest move chain saw second-quarter earnings surge, sales jump and things looked great in movieland with the three months ended in June and the
Giant theater chain AMC Entertainment filed today to sell up to 425 million AMC Preferred Equity Units, or APEs, its new securities that have seen a price collapse amid a sour market and investor backlash. They sank some more early Monday, then popped higher. AMC distributed the initial batch of APE shares to stockholders in
AMC Entertainment launched an unusual program today called Investor Connect to communicate directly with a mass of individual investors in the U.S. that now own more than 80% of its stock and have been steadily buoying it higher. “Many of our investors have demonstrated support and confidence in AMC. We intend to communicate often with
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 D’Alessandro. Shares of Paramount
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 over three million individual investors, many
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 Reddit/WallStreetBets crowd,
Stocks rose Friday morning, dipped, then rose again as the market continued a rocky ride, exhibitors struggled to hold on to gains and WarnerMedia parent AT&T scrapped a major stock repurchase plan to conserve cash. Investors are weighing a massive stimulus package being finalized by Congress against the rapid spread of the coronavirus infection, corporate
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 Entertainment’s recently sinking