Tag: APE
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AMC revises stock-conversion settlement plan after Friday’s surprise court setback
[ad_1] AMC Entertainment Holdings Inc. has submitted a revised proposal for its stock-conversion plan, after a judge rejected a settlement Friday that would have given a green light to the deal. In a letter to investors that was posted Sunday on Twitter, AMC Chief Executive Adam Aron said that a modified proposal was filed Saturday…
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‘Barbie’ and ‘Oppenheimer’ set for big opening weekend amid ‘Barbenheimer’ buzz
[ad_1] Two of the year’s most eagerly anticipated movies hit theaters Friday, as “Barbie” and “Oppenheimer” kick off what is expected to be a big box-office weekend. The two movies have even sparked an internet phenomenon dubbed “Barbenheimer,” with people planning to watch both films on the same day. On Friday, AMC Entertainment Holdings…
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AMC shares make biggest gain in three months ahead of stock conversion hearing
[ad_1] AMC Entertainment Holdings Inc.’s stock ended Wednesday’s session up 7.6% on the eve of a key hearing in the company’s push to convert its AMC Preferred Equity Units into common stock. Shares of AMC AMC, +7.56% had their largest single-day percentage gain since April 6, when they rose 21%. Earlier this week, the stock…
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AMC stock on track for longest losing streak in 18 months
[ad_1] AMC Entertainment Holdings Inc.’s shares fell 2.8% Friday, and are trading around $4.06, putting the stock on track for its lowest close since April 5, when it closed at $4.05, according to Dow Jones Market Data. Shares of the movie-theater chain and meme-stock darling have given back gains from last week’s rally, with the…
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Tesla, Anheuser-Busch, Logitech shares rise, while AMC, iRobot, Virgin Galactic shares fall, and other stocks on the move
[ad_1] Here are some of the bigger stock movers Thursday: Stock gainers: Tesla Inc. TSLA, +1.98% shares climbed 1.5%, reversing an earlier intraday loss of as much as 4.3%. The initial selloff followed a downgrade to equal weight from overweight at Morgan Stanley, which cited concerns over valuation and the expectation that the electric-vehicle giant…
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AMC stock slides 9.9%, while APEs rise
[ad_1] Shares of AMC Entertainment Holdings Inc. fell 10% Thursday, with the stock on track for its biggest percentage decline since April 23, 2023, when it fell 23.5%. The stock gave back gains from last week’s rally early Thursday. Some 22.6% of AMC’s AMC, -9.29% float was shorted Thursday, FactSet data show. AMC’s Preferred Equity…
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AMC’s ‘road to recovery getting better,’ says Macquarie
[ad_1] AMC Entertainment Holdings Inc. is continuing its post-pandemic recovery, according to Macquarie Research. The movie-theater chain and sometime meme-stock darling reported better-than-expected first-quarter revenue and adjusted earnings Friday, and CEO Adam Aron is confident that the company will benefit from the slate of movies coming in 2023. Over… [ad_2] Source link
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AMC says it’s reached deal to settle shareholder lawsuit over APE conversion
[ad_1] AMC Entertainment Holdings Inc. said over the weekend it has reached an agreement to settle a court fight with shareholders concerning a proposed stock conversion. “AMC has recently reached an agreement to settle a putative stockholder class action concerning the proposed conversion of AMC Preferred Equity Units into Common Stock and reverse stock split,”…
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AMC set to expand its branded popcorn sales to 2,600 Walmart stores
[ad_1] AMC Entertainment Holdings Inc. is set to sell its branded popcorn at 2,600 Walmart Inc. stores across the U.S. On Sunday AMC AMC CEO Adam Aron gave an update on the movie-theater chain and meme-stock darling’s push to sell its popcorn in grocery stores. AMC announced its partnership with Walmart WMT earlier this year, with…
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Stock rally making it too hot for shorts as AMC, GameStop, Coinbase are the ‘most squeezable’
[ad_1] As the broader stock market has been on a tear for about a month, things are looking grim for investors with big short positions in stocks like AMC Entertainment Holdings Inc. and GameStop Inc., and one analyst has listed the “most squeezable” of those stocks. … [ad_2] Source link