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“AMC Entertainment shares tank after unveiling $110M plan” Meme-stock darling AMC Entertainment saw its share price nosedive Thursday after the world’s largest movie theater chain announced plans to raise $110 million in new capital and proposed a reverse stock split. AMC shares plunged nearly 15% in midmorning trading as the stock hit a new 52-week low…
“AMC Networks CEO Christina Spade resigns after less than 3 months” AMC Networks CEO Christina Spade stepped down Tuesday after less than three months on the job — just moments before the company sent out a memo warning employees of mass layoffs. Spade had taken the helm of the cable-TV channel — which isn’t related…
“Reality bites traders, memers and crypt-iots” Melvin Capital is maybe the first — but certainly won’t be the last — hedge fund hammered out of business as markets wean themselves off the heroin of cheap money that has propelled stocks and just about everything else for the past two-plus years. Hedge-fund investors, even those who…
“#AMC CEO Adam Aron unloads another $7M in shares, promises no more selling” AMC Entertainment CEO Adam Aron has unloaded yet another trove of stock in the movie-theater chain — and claims he’s done selling for now. Aron revealed he sold another tranche of AMC shares worth $7.1 million this week in a filing with…
“#AMC CEO Adam Aron says he will try to refinance expensive debt” AMC Entertainment boss Adam Aron said Monday that he wants to refinance some of the movie theater chain’s expensive debt as it weathers the effects of the COVID-19 pandemic. “In 2020 and early 2021, AMC took on debt at high interest rates to…
“#AMC, Sony offer NFTs to people who buy advance Spider-Man tickets” AMC is getting into the NFT game. The world’s largest movie theater chain — which in August said it would accept Bitcoin for online ticket and concession purchases as well as a range of other cryptocurrencies by the end of the year — said…
“#Are stock ‘cultists’ pumping AMC shares?” AMC Theatres, the teetering movie-theater chain with a stock that trades like a FAANG, was supposed to skyrocket even further last week on a breakout quarter — igniting a “short squeeze” that would crush company naysayers. That was the word on social media and promoted by the stock’s ardent,…
“#AMC CEO Adam Aron sells nearly $25 million in shares” AMC Entertainment CEO Adam Aron has sold 625,000 shares in the company, worth approximately $25 million, according to a Wednesday filing with federal regulators. That’s just half the shares he plans to sell over the coming days, weeks and months, according to the filing. The…
“#Gary Gensler’s overregulation would sink ‘meme’ markets” BEVERLY HILLS, Calif. — Gary Gensler and his Democratic colleagues on the Securities and Exchange Commission will try to sell their long-awaited report on the “meme stock” trading frenzy as a clarion call for more regulation. But if you remove the report’s propaganda, it shows that our markets…
“#AMC will let people buy movie tickets with cryptocurrencies” AMC, the world’s largest cinema chain, said it plans to accept a range of cryptocurrencies including Bitcoin for movie-ticket and concession purchases. AMC boss Adam Aron broke the news via Twitter on Wednesday, writing: “Cryptocurrency enthusiasts: you likely know @AMCTheatres has announced we will accept Bitcoin…