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“#AMC Theatres will feature Nicole Kidman in first-ever TV ads” AMC, the world’s largest movie theater chain, is taking a chance on the small screen with a new advertising campaign after the meme stock beneficiary finds itself flush with cash. The multimedia campaign, which is dubbed “AMC Theatres. We Make Movies Better,” will cost the…
“#AMC will let people buy movie tickets with bitcoin this year” Movie theater chain and so-called meme stock AMC announced Monday that it’s working to let customers use bitcoin this year to buy tickets and concessions when purchased online. CEO Adam Aron made the announcement on a conference call Monday evening with analysts to discuss…
“#AMC says plan to issue more shares has been ‘tabled’” AMC said Tuesday that it will scrap a controversial proposal to issue up to 25 million new shares of its surging stock, citing a mixed response to the idea from investors. The world’s largest movie-theater chain — which has been a key beneficiary of this…
“#AMC shares fall after research house discloses short position” AMC Entertainment shares fell as much as 12 percent on Friday after short-seller Iceberg Research tweeted that it had made a bearish bet against the theater chain operator’s stock. The so-called meme stock dropped 8.9 percent at $49.40 after falling as low as $47.77 following Iceberg’s disclosure…
“#Meme investors should heed ‘manic’ lesson of Fannie-Freddie collapse” The smart money thinks it’s only a matter of time — weeks, maybe days — before the meme-stock craze finally evaporates. But if history is any guide, this mania hasn’t quite run its course. For proof, look no further than the strange, decade-plus-long investment mania over…
“#Mudrick Capital takes massive hit on AMC shares as short bet backfires” A big hedge fund’s complicated mix of bets on shares of AMC Entertainment has reportedly backfired, spurring a loss that tanked its value by 10 percent. Mudrick Capital – which made a tidy profit earlier this month for purchasing $230.5 million in AMC…
“#How SEC boss should deal with ‘meme’ stock schemes” Gary Gensler thought he had all the answers when he took the helm at the Securities and Exchange Commission this spring. Wall Street lawyers and bankers who deal with him tell me he was highly confident — almost arrogant — in explaining his agenda of regulating…
“#AMC files to sell 11.5M shares, but investors may lose money” Cinema chain AMC Entertainment announced Thursday that it plans to sell 11.5 million new shares amid a roller-coaster rally that’s sent its stock soaring — but the company also warned investors that they could lose all their money. “Under the circumstances, we caution you…
“#‘Meme’ mob behind Gamestop frenzy may imperil soaring AMC” Adam Aron says he wants to increase his Twitter following to include about 1,000 more professed small-investor shareholders of the company he runs, AMC Entertainment. His goal is to better “understand this phenomenon that has changed who owns AMC.” But based on the type of AMC…
“#AMC shares soar on ‘meme stock’ rally, price doubles in a week” Shares of AMC Entertainment capped a wild week of trading with a roller-coaster Friday that saw the shares surge as much as 38 percent in early trades before settling to end the day off 2 percent. Despite Friday’s thud, the stock finished the…