AMC stock finished up +13.31% on Monday, closing the trading day at $14.13.
The movie theatre chain is now up more than 10% in the past week, breaking even on the monthly chart.
The $14 range is a very nostalgic price range for AMC shareholders.
This is the level where shorts began to close small positions last year, sending AMC’s share price to an all-time high of $72 per share.
Coincidently, AMC’s short interest was at 23% during this time; it’s at 22.42% today.
Is a big power move underway for AMC Entertainment stock?
Let’s discuss it.
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AMC theatres breaks record
AMC movie theatres as a business has improved its fundamentals drastically.
The company has reduced most of its debt, continues to innovate in itself, and is experimenting with companies outside the industry.
The century old movie theatre chain has certainly shocked Wall Street, and it continues to do so with the exploding revenue due to new movie releases.
Top Gun: Maverick has claimed the title for the highest box office of 2022 so far, earning over $1bn in revenue globally.
The highest previous earner was Doctor Strange in the Multiverse of Madness, earning over $800m worldwide.
Elvis brought in $31m during its opening weekend alone, going head-to-head with Top Gun’s $30m now on its 5th weekend.
AMC Entertainment Holdings, Inc. reported that their market share had remarkably grown from 22% to 26% going into the second quarter this year.
The company has managed to increase the revenue per guest and increase its food and beverage sales this new year.
Fundamentally, the company is showing promising results.
List of movies coming to AMC
Highly anticipated films that are coming to AMC Entertainment theatres include:
- Thor 4: Love and Thunder
- Bullet Train
- Fantastic Beasts: The Secrets of Dumbledore
- Halloween Ends
- Black Adam
- The Flash
- Black Panther: Wakanda Forever
- Avatar 2
- + more
These are films movie lovers want to watch at the movie theatres, not at home.
This list of incredible films coming out this year are AMC’s arsenal against hedge funds betting against the movie theatre industry, but more specifically against AMC stock.
Will AMC stock price go up?
AMC stock will go up due to business demand and due to the company having a strong shareholder base that continues to buy and hold the stock.
AMC Entertainment is an American company that’s a part of our culture’s history.
It’s also the number one leading theatre chain company in the world owning approximately 10,562 screens in the United States alone.
In Q1 of 2022, AMC seated more than 39 million guests, a 32 million difference from Q1 of 2021.
AMC Entertainment also earned $785.7 million in revenue during the first quarter, more than five times the revenue in Q1 of 2021 ($148.3m).
The theatre chain ended Q1 with $1.4 billion in liquidity.
CEO Adam Aron hinted Q2 is on track for another groundbreaking quarter for the company.
Are you an AMC shareholder?
What are you looking forward to the most during this journey?
Is it the recovery process, the awesome movie titles, fighting for market transparency, MOASS?
Or all of the above?
Leave a comment down below.
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