Entertainment

Why AMC Entertainment Is Running Higher Today

229
×

Why AMC Entertainment Is Running Higher Today

Share this article
Why Has Amc Stock Jumped In July And What S The Outlook Seeking Alpha
Why Has Amc Stock Jumped In July And What S The Outlook Seeking Alpha

What happened

Shares of AMC Entertainment Holdings (AMC -4.89%) are up again today, up 64.5% as of 11am Monday. Due to the shortened holiday trading period last week, cinema operators were able to earn nearly 10% this week.

No company-specific news today (or last week), but Mem stock still relies more on social media chatter than on company fundamentals, which Cineworld Group forced to file a lawsuit. bankruptcy protection last week.

Happy family in theater.

Image Source: Getty Images.

Healthy

AMC claims it's unlike its competitors because, according to CEO Adam Aaron, the cinema chain has been able to "raise a lot of money" from its shares over the past year. In fact, AMC has just under $1 billion on its balance sheet, and the recent creation of AMC preferred stock (APE -7.17%) opens up new opportunities to raise more money when needed.

AMC's financial shortfall has been reversed as it appears to be heading for its own bankruptcy proceedings and has exhausted its share issuance limit, defrauding existing shareholders. As new APE shares cross this threshold, it opens up more liquidity for shareholders.

and now

With AMC's impact on revenue still weak and online retailers discussing its actions from time to time, the real test is whether the film industry can thrive. Hollywood has to make movies that audiences want to see and then force them to watch.

Competition from streaming services is tougher than ever, and Hollywood blockbusters are losing out this year.

Rich Dupree has no position in any of the listed stocks. Motley Fool has no position in any of the listed stocks. The Motley Fool has an open policy.

See also  Disney Reorganizes Into Three Segments, Entertainment, ESPN & Parks

The latest news for all AMC shareholders! Urgent warning to AMC Entertainment shareholders! AMS action

Leave a Reply

Your email address will not be published. Required fields are marked *