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“#GameStop stock plunges for second straight day” GameStop’s stock price dropped sharply for a second straight day on Tuesday in a sign that the retailer’s Reddit-fueled rally is losing steam. The Texas-based video-game chain’s shares plunged more than 32 percent to $152.40 in premarket trading as of 7:20 a.m. on the heels of a nearly…
“#Analyst says AMC stock now a ‘sell’ as price target drops to $1” Wall Street analyst Eric Handler downgraded AMC to ‘sell’ Monday, despite the movie theater chain’s recent stock spike and announcement that it wouldn’t file for bankruptcy anytime soon. Handler, of MKM Partners, said AMC’s stock has been “decoupled” from the fundamentals and…
“#Small investors flee Robinhood in wake of GameStop restrictions” Some of Robinhood’s customers are jumping ship in light of the trading app’s controversial decision to ban buying in runaway stocks like GameStop. Even as the app eases restrictions on 16 popular stocks, users say they feel too betrayed to stick with the service, which made…
“#AMC avoids bankruptcy after raising over $900 million” AMC Entertainment, the world’s largest cinema chain, said Monday that it will avoid bankruptcy after raising more than $900 million in rescue funding since December. Shares of AMC surged 38 percent in early-day trades after the company’s chief executive Adam Aron unveiled a new European financing deal…
“#AMC getting closer to avoiding bankruptcy until summer” AMC Entertainment, America’s biggest movie chain, is getting ever closer to its goal of raising enough money by the end of January to stave off bankruptcy until at least the summer, The Post has learned CEO Adam Aron has told Wall Street he aims to raise $750…
“#Cinemark eyes AMC’s No. 1 spot as largest movie theater chain in US” Cinemark — the nation’s second-biggest movie-theater chain — is angling to move in on AMC Entertainment’s turf under cover of the COVID-19 chaos that has roiled the industry, The Post has learned. AMC has racked up hundreds of millions of dollars in…
“#Apollo circling AMC as chain scrambles to stay afloat: sources” AMC Entertainment is being circled by a trio of investment firms including Apollo Global Management as the movie-theater chain scrambles to stay afloat amid the pandemic, The Post has learned. Apollo, which along with Canyon Capital Advisors and Davidson Kempner Capital Management are holders of…
“#Universal and Cinemark agree on earlier home release for movies” Universal Pictures has inked a deal with the Cinemark cinema chain to allow its movies in US homes as soon as 17 days after they debut in theaters. The multi-year agreement is similar to one that the Comcast-owned Universal made in July with AMC Entertainment,…
“#AMC quarterly loss grows to $900M amid pandemic” AMC Entertainment’s third-quarter loss widened to more than $900 million as it to get pummeled by the economic fallout from the coronavirus. The nation’s largest movie theater chain, which had reported a $54.8 million loss in the year-ago quarter, said revenue for the period ended Sept. 30…
“#AMC Entertainment plans to sell up to 15M shares as 3Q sales fall” AMC Entertainment, the country’s largest movie theater chain, said Tuesday that it is looking to raise more cash as the coronavirus pandemic continues to hammer its business. The cinema chain, which plans to sell up to 15 million shares, said in an…