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…
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,” AMC…
National CineMedia Inc., the nation’s largest movie-theater advertising network, filed for Chapter 11 bankruptcy late Tuesday. Earlier in the day, CineMedia stock NCMI shot more than 50% higher after movie-theater operator AMC Entertainment Holdings Inc. AMC disclosed that it owned a significant chunk of the company. See: National CineMedia…
Shares of AMC Entertainment Holdings Inc. and Bed Bath & Beyond Inc. soared in premarket trading Wednesday, as fellow “meme stock” GameStop Corp. skyrocketed after the consumer electronics and video games seller reported a surprise fiscal fourth-quarter profit. GameStop’s GME, +40.79% stock extended its sharp bounce Tuesday off a two-year low after its earnings report,…
AMC Entertainment Holdings Inc. reported a loss for a 14th consecutive quarter and fourth consecutive year Tuesday, and shares fell in after-hours trading. The movie-theater chain and meme-stock phenomenon topped Wall Street’s reduced targets for the holiday quarter, reporting a net loss of $287.7 million, or 26 cents a share, compared with a net loss…
AMC Entertainment Holdings Inc. reported its 12th consecutive quarterly loss and revenue that topped analysts’ estimates after market close on Tuesday, sending shares lower in after-hours trading. The movie-theater chain and meme-stock phenomenon reported a third-quarter net loss of $226.9 million, or a net loss of 22 cents a share, compared with a net loss…
It was nothing to sneeze at. A man who co-created the cold remedy, Zicam, has been charged with running a phony movie business called Desilu Studios after the famed production company behind “I Love Lucy” and “Star Trek,” and using cash he attracted for film projects to line his pockets. Charles Hensley, 68, of Redondo…
AMC Entertainment Holdings Inc.’s stock fell more than 7% in extended trading on Thursday after the company announced a special dividend in the form of “Ape” preferred shares. The dividend marks the latest move in a fight over stock issuances. AMC Entertainment Holdings Inc. AMC, +2.47% has turned to the special dividend after it was unable…
AMC has experienced a rollercoaster couple of years that took the theater chain from beleaguered pandemic victim to meme stock phenomenon. So what’s next? AMC Entertainment Holdings Inc. AMC, +0.20%, which describes itself as the largest movie theater company in the world, operated 1,004 movie theaters pre-Covid. But the pandemic hit the company hard, forcing…
Shares of AMC Entertainment Holdings Inc. extended their recent rocket ride higher, with Tuesday’s rally fueled by the record-setting weekend box-office performance by “Top Gun: Maverick.” The stock AMC, +5.25% jumped 6.5% in midday trading, and have now soared 47.9% over the past four days. Just prior to the current win streak, the stock was…