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
UPDATED with AMC proxy figures, Aron’s 2020 compensation: In one of the few interviews he has granted during AMC Entertainment’s white-knuckle 2021, CEO Adam Aron hailed the reopening of New York City and shared his thoughts on the “Reddit rally.” Speaking with CNBC (watch the full segment above) on Friday, he said advance ticket sales
AMC Entertainment and GameStop shares dipped Thursday amid high-level meetings to discuss recent trading convulsions and as Reddit users argued furiously on the now-infamous WallStreetBets chatroom about whether to fold or fight. GameStop shares are down 34%, extending Wednesday’s losses. AMC Entertainment has slipped 19%, and other stocks that were vigorously promoted on WallStreetBets starting
Shares of AMC Entertainment are down nearly 40% today on another wild ride, reversing gains after an explosion of support by retail traders that started last week catapulted stock of the pandemic-pummeled chain to levels not seen since 2017. Around midday, shares of the nation’s largest cinema operator are changing hands at $8.21 That’s still
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,
If any good is to come of the coronavirus outbreak, and just now it is hard to see even a glimmer of good, we might consider this: The media will have a shot at redemption. Japan is closing its schools. Saudi Arabia has put Umrah on hold. Cruise ships are dead in the water. And