Tag: AMC Army (Page 1 of 4)

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Mainstream media attacks

It comes as no surprise to see mainstream media publish headlines AMC is falling when in fact it is surging.

Or to read how far out AMC is from last year’s all-time high rather than the progress the company has made this year.

The conflict of interest surrounding institutional short sellers and the media is something that should be addressed more frequently.

Short and distort campaigns have focused on bringing AMC down in efforts to drive shares down.

Elon Musk has personally spoken out against short and distort campaigns saying it “takes advantage of retail investors”.

Here’s what AMC CEO Adam Aron had to say:

Some seem to enjoy reporting AMC is off its all-time closing price high, 6/2/21 $62.65. They fail to report close yesterday was 7 TIMES what it was when the pandemic closed theatres, 3/16/20 $3.19, or 11 TIMES when we were written off for dead, 1/5/21 $1.98 #TellTheWholeStory
— Adam Aron (@CEOAdam) August 10, 2022

He says, “AMC is 11 times when we were written off for dead, 1/5/2021 $1.98 #TellTheWholeStory“.

Corporate media in the end is a corporation, an establishment that will cater to those who compensate them.

Though their approach may be unethical without a doubt, it’s up to retail investors to speak out and share pieces on the truth to educate their neighbors.

The Motley Fool, Yahoo Finance, fall in line

The Motley Fool and Yahoo Finance have been one of AMC’s biggest media adversities.

For over a year now, both media sites have aimed to destroy AMC Entertainment’s reputation by painting a doomsday scenario around the company stock, CEO, and shareholders.

Other companies using short and distort campaigns to attack the movie theatre company include:

Benzinga
Seeking Alpha
InvestorPlace
MarketWatch
The Verge
CNBC
Barron’s

Independent blogs such as Franknez.com have been publishing the latter, the progression of the company.

Fox Business’s Charles Payne has also provided a positive attitude towards the development and recovery of the movie theatre chain.

But it’s the ‘ape’ community made up of retail investors who have been telling the ‘whole story’.

The true story.

So, what can investors do to combat mainstream media?

Share content from independent writers, share that activist’s tweet, and get the community’s voice heard.

That is what corporate media truly fears.

Related: How to Invest in The Stock Market for Beginners

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Retail Investors Petition to Fire SEC Chairman Gary Gensler

July 31, 2022 / Frank Nez

Market News: Petition to fire Gary Gensler surfaces in retail community.

Retail investors have gotten together and started a petition to fire SEC Chairman Gary Gensler for obstruction of justice.

The SEC Chairman is believed to be complicit to the market manipulation occurring in the day-to-day stock market.

Gary Gensler admitted in a Bloomberg exclusive that 90%-95% of retail orders do not go through the lit exchange, such as the New York Stock Exchange (NYSE), but rather through foreign exchanges, or dark pools.

Retail’s concerns have fallen on deaf ears as market maker and hedge fund Citadel remains in operation.

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Retail demands Citadel investigation

The market maker and hedge fund, who also has its own dark pool, is responsible for processing almost 50% of retail trades.

How do they receive this many orders?

Through a process called PFOF, or payment for order flow, where the institution pays brokers such as Robinhood a fee for retail orders.

Citadel then profits from retail as they exchange these orders through foreign exchanges where they can get a better deal, pocketing the small spread.

But that’s not all.

Citadel is short on AMC Entertainment stock, one of the most popular stocks amongst the retail community aiming to squeeze short sellers from their positions.

Investors have looked at Gary Gensler for solutions to the stock’s suppression, but the SEC has only made fun of the retail community; and now they want him out.

Change.org

Retail investors are now demanding for change.

But retail aren’t the only ones to stand up to the SEC.

Tesla’s Elon Musk has been very public about the SEC’s incompetence and has even spoken out against short sellers and malpractices used to short his company in what he calls short and distort tactics.

These same tactics have been used to drive retail’s favorite stocks down despite big demand for the stock.

Retail investors are rising to market injustices and are demanding the SEC Chairman step down and Citadel receives a proper investigation.

You can sign the petition to fire Gary Gensler on Change.org here.

The petition has already received more than 14,000 signatures.

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AMC Short Sellers Suffer More Than $1 Billion (2022)

July 23, 2022 / Frank Nez

AMC Short Sellers Suffer More Than $1 Billion in losses 2022 — Market News: How much money have shorts lost shorting AMC stock?

AMC short sellers have suffered more than $1 billion in 2022.

We’ve recently seen AMC’s short interest tumble slightly; signifying hedge funds have either returned shares back to their lender or have begun closing their short positions.

S3 Partners, LLC confirms short sellers who closed their positions between January and July of 2022 have suffered more than $1 billion in realized losses.

So, while AMC’s drop in short interest does indeed signify some amount of short covering, it’s highly likely the return of shares on loan have also contributed to those numbers; based on AMC’s current share price, but more on that later.

Let’s go over the latest data and AMC updates.

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More than 1/5th of AMC shares have been sold short

Market News: AMC short seller losses | Hedge fund losses in AMC

AMC short sellers have lost $1.4 billion this year through July according to S3’s data.

AMC’s share price has been on the rise for a month straight now.

The movie theatre stock is up more than 24% on the monthly chart as movie enthusiasts continue to fill auditoriums across the globe.

Shareholders have also played a massive role in AMC Entertainment’s success.

The community known as ‘apes’ have been buying and holding the stock for over a year now, providing liquidity to the company and ensuring its success from one standpoint.

Will short sellers continue to bleed out?

With the rise of retail investors in this play and record-breaking titles coming to the big screen, there’s no doubt bulls are beginning to take over again.

Related: AMC Seats 5.9 Million Guests in Highest Grossing Weekend

Tracking AMC’s short interest

AMC’s short interest dropped from 23% to 18% in only a matter of a few weeks.

However, the share price only rose slightly from the $12 levels to the current peaks of $18.

I update AMC’s short interest every morning on the ‘Short Interest & Utilization‘ tab so be sure to bookmark it.

The last time we saw a major shift in short interest is when AMC’s short interest dropped from 23% to 14%; the share price surged from $14 to $72.

You can see why shareholders see a discrepancy.

The significant drop in short interest can also correspond to hedge funds returning shares back to their lender that were never used.

This is by far the best explanation for a sudden drop in short interest with only very little price movement, despite shorts losing more than $1 billion this year betting against the largest movie theatre chain in the world.

The return of shares could be signaling that hedge funds are rethinking shorting this play.

AMC Entertainment might just be shedding it’s ‘meme stock’ title as it further proves its strengths in the game.

Is bigger price action on the horizon for AMC stock?

hedge fund losses in AMC 2022 | Will AMC go up? — Market News: Hedge fund losses in AMC 2022 | Will AMC go up?

Aside from AMC’s fundamental growth, there’s heavy speculation that a big bounce is nearing.

AMC CEO Adam Aron has hinted at an upcoming ‘pounce’ that will have a great impact in the markets, destroying short sellers and positively accommodating to its shareholders.

Fox Businesses’ Charles Gasparino says no CEO in history has ever done this, and even questions whether it’s legal to make such an announcement prior to earnings.

And while the CEO has not committed any violations in doing so, shareholders are waiting patiently to see what happens after Q2 earnings are announced.

I will be publishing the highlights on Franknez.com so be sure to join the newsletter so you don’t miss a thing.

Related: Was AMC's MOASS Just Confirmed?

What is your take on AMC?

I’m curious to learn what you think.

Leave your thoughts in the comment section of the blog down below.

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– Frank Nez

Was AMC’s MOASS Just Confirmed?

July 22, 2022 / Frank Nez

Market News: AMC MOASS confirmed by cryptic tweets?

Community members have been keeping a close eye on announcements, with many speculating AMC’s MOASS was just confirmed.

MOASS stands for mother of all short squeezes.

This is the big short squeeze retail investors have been patiently waiting for all 2021 and this year.

While the surge to $72 per share might have been significant, only a small percentage of short sellers closed their positions during this time period.

And while the information and dates detailed in this article might seem too coincidental, community members must always take such information with a grain of salt.

Let’s get started!

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AMC Theatres cryptic tweet

Some of you might be familiar with Adam Aron’s ‘pounce’ tweet where he mentions a pounce will not occur before Q2 earnings call is announced on Thursday, August 4th.

In that tweet, he says to read between the lines.

But that’s not all, because more than week after the CEO’s announcement, AMC Theatres published an interesting tweet about the upcoming Brad Pitt film, Bullet Train.

Epic fights, a bunch of assassins and #BradPitt all squeezed into a speeding train is the only commute I’ll happily endure. On August 5 take the trip to see #BulletTrainMovie in #DolbyCinema at #AMCTheatres: https://t.co/MQH9IqJjnU pic.twitter.com/L2Sg69qE6k
— AMC Theatres (@AMCTheatres) July 20, 2022

“Epic fights, a bunch of assassins and #BradPitt all squeezed into a speeding train is the only commute I’ll happily endure. On August 5 take the trip to see #BulletTrainMovie…”

The date mentioned in the tweet is one day after AMC’s Q2 earnings report will be announced.

The ‘ape’ community was quick to read between the lines and call the cryptic message an AMC MOASS confirmation.

Films have been breaking record after record all year long.

With positive Q2 announcements plus another hit title, it’s very possible we see AMC’s share price soar, initiating short sellers to ditch the play and close their positions.

At least that’s what the hopes are for AMC shareholders.

Is a short squeeze guaranteed after the Q2 earnings report?

Absolutely not.

But is the possibility of big price action highly probable?

Given that the company has restructured its debt and has been dominating the industry all year, it seems very likely shareholders will see a rise in share price.

Will Wall Street lose again?

Retail investors humiliated Wall Street last year when both novice and experienced investors managed to beat financial institutions at their own game.

Hedge funds such as Citadel lost billions betting against retail.

Popular trading platform Robinhood nearly destroyed its reputation when it restricted retail from purchasing ‘meme stocks’ last year.

On the other hand, we have Gabe Plotkin’s Melvin Capital, who shut down this year after failing to recover from damages after shorting GameStop.

Analysts predicted the demise of AMC, giving it a $1 and $0.01 price target, only to get ridiculed by millions of investors after the company’s share price surged to $72 per share.

Today, AMC’s share price continues to beat every analyst’s price prediction.

What will happen if Wall Street is forced to eat crow again, as Adam Aron puts it?

Retail investors have evolved, and Wall Street is taking notice.

It's time for all the stonkers and the GMEsters and the AMCers to move on. You are for the most part, bitter gamblers who know one thing: to blame me for your losses. I know you will keep targeting me, but it is time you go back to a real job and tell your mommies!!!
— Jim Cramer (@jimcramer) July 19, 2022

They are not happy about it.

For over a year now corporate media has attacked retail investors in the AMC and GME community, catering to unprofessionalism and giving big networks a bad name.

Desperate attempts to mislead shareholders into selling both company’s stocks has also been an ongoing failure for Wall Street.

Retail’s message is loud and clear, they’re not going anywhere.

FOX: “Only 6% of retail have sold stocks”

Fox Retail investors holding and buying — FOX: Retail investors buying and holding, per ETORO survey

According to a survey conducted by ETORO, only a very small percentage of retail investors have sold stocks during today’s bear market.

FOX published the results.

65% of retail investors are currently holding their positions, 29% continue to buy stocks despite the market conditions, and only 6% of retail have sold stocks.

The large market selloffs we’re seeing today are primarily caused by hedge funds, according to Bank of America.

Retail investors aren’t budging, no matter how bad Jim Cramer wants retail investors to exit the stock market.

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Your dedicated support keeps this platform going.

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– Frank Nez

AMC Entertainment Repurchases $72.5 Million of Lien Debt

July 20, 2022 / Frank Nez

AMC Debt — Market News: AMC debt update + more.

AMC Entertainment just published a press release on Wednesday announcing it strengthened its balance sheet once again.

The company repurchased approximately $72.5 million of its 10% second lien debt for $50 million.

This represents a 31% discount.

As a result of this debt reduction, AMC’s annual interest cost will be reduced by $7.25 million.

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Adam Aron comments on AMC debt repurchase

AMC CEO Adam Aron had this to say on Wednesday:

“Thanks to our passionate and supportive shareholders who helped us build a war chest of cash, and in light of the continued recovery of theatrical exhibition, we are very pleased to announce that the Company was able to repurchase more than $72 million of second lien debt at a significant and beneficial discount.”

The CEO added, “This action is one more step along our recovery glidepath. We will continue to seek creative and meaningful strategies to further strengthen our balance sheet and create value for our shareholders in the future.”

AMC Entertainment announced during Q1 announcements that it repaid $45 million of deferred rent reducing their balance to approximately $272 million.

They plan to reduce the deferred rent by another $125 million by the end of the year.

In Q1 alone, AMC seated more than 39 million guests, it had seated only 7 million guests in Q1 of 2021.

Q2 earnings will be released on Thursday, August 4th.

Recent AMC news

AMC CEO Adam Aron recently posted on Twitter, “Yet another promise kept. We now partner with Uber Eats. A pilot test to deliver movie theatre treats, especially AMC perfectly popcorn, to the home.”

The world’s largest movie theatre chain is partnering up with Uber Eats to deliver AMC Perfectly Popcorn in the Chicago and Kansas area.

This initiative will test the project before catering to the states.

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Related: Is AMC CEO Adam Aron About to Release a Secret Weapon?

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AMC Stock Gets Comfortable at $15 Levels: Will It Go Higher?

July 15, 2022 / Frank Nez

Will AMC Stock go up — Market News: AMC establishes new level of support – Will AMC stock keep going up?

AMC stock has found a new level of support at the $15 level.

We can see this by looking at the 5-day trading chart.

The stock is also now up more than 19% on the monthly chart.

For months now, the ‘ape’ community has been saying that AMC is not done running due how high the short interest is.

So, will AMC’s share price go higher?

Well, there’s a very high probability retail investors will squeeze short sellers this year like they did last year.

Let’s discuss it.

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AMC closes trading week up 6.00%

AMC Stock at $15 level - will AMC stock go up? — AMC stock at $15 level – Will AMC stock go up? AMC stock news and updates

AMC Entertainment stock closed the trading week up 6.00% and nearly 2% on Friday.

The company’s share price is now way out the money compared to analyst’s price targets.

CEO Adam Aron’s ‘pounce’ message has left Wall Street rather concerned as short sellers begin to take a step back.

We’re seeing a massive return in borrowed shares typically used to short AMC stock.

AMC’s shares on loan have dropped from 195 million to 130 million in only two weeks.

Although AMC’s short interest is still relatively high, the reported SI dropped from 23% to 18.04%.

While AMC’s current share price does not indicate signs of any major short covering, the drop in short interest does signify hedge funds returning borrowed share to their lenders.

Are short sellers getting ready to close their positions in AMC soon?

Well, we know that AMC’s fundamentals have impressively recovered and while it was a screaming short during the pandemic, that just simply isn’t the case anymore.

Movie-goers are filling up auditoriums and titles are breaking record one after another.

AMC announced during their Q1 earnings call that their market share had also increased from 22% to 26%.

This means the largest movie theatre chain in the world is no longer shrinking, but rather growing.

Is AMC stock a buy?

Analysts are hesitant to admit defeat, but with AMC’s recovery, growth, innovation, and increasing retail shareholder base, the stock is certainly a buy.

The market has proven time and time again that the movie theatre industry is not dead.

While it may have gone dormant during the coronavirus lockdown, online streaming simply cannot replace the theatrical experience one gets from the premier of a new movie release.

Whether you buy AMC stock for a short squeeze trade or long-term speculative investment, there’s profit to be made.

Especially if at one point AMC decides to introduce a cash dividend for its shareholders.

Related: How to Invest in The Stock Market Step-by-Step for Beginners

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Support your favorite blog for only $4/mo.

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The mission of this platform is to spread the truth majority of corporate media isn’t willing to, by giving the people in our community a voice.

Your dedicated support keeps this platform going.

Thank you for being a reader.

– Frank Nez

AMC Entertainment Stock Closes Trading Week Strong

July 9, 2022 / Frank Nez

Market News: AMC Entertainment Stock — Market News: AMC closes week strong after ‘pounce’ announcement

AMC Entertainment stock finished the week up +8.75%.

The movie theatre chain stock had a high of $15.32 and low of $13.84 on Friday.

CEO Adam Aron announced on Thursday retail investors can expect a ‘pounce’ after second quarter 2022 earnings are announced.

Fox Businesses’ Charles Gasparino commented on the matter, but more on that down below.

Q2 earnings will be announced on Thursday, August 4th.

Let’s get right into it.

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Trading volume surpasses average volume

AMC’s trading volume surpassed 60 million on Thursday when the stock shot up to the $14 levels.

On Friday, AMC’s volume was up more than 7 million its average volume of 40.6 million.

AMC closed at $14.66 and continued to move upwards after hours.

The largest movie theatre chain in the world is now up almost 15% on the monthly chart.

Analysts have prophesized the doom of the company for over a year now, but continue to eat crow, as Adam Aron puts it.

AMC has now outperformed every analyst’s price targets.

The $14 level has been a very important and strong level of support for AMC Entertainment stock.

Last year, AMC broke multiple levels above the $14 range during its journey to its all-time high of $72 per share.

The current short interest during that time was 23% before it began to drop and push the share price up.

Although self-reported, AMC’s short interest has recently begun to decline after many months of it surging since its drop.

Will AMC stock keep rising?

Whales combined with retail investor purchasing will create enough momentum for AMC stock to rise.

Due to a high short interest in the company, there’s a very high probability short sellers get squeezed out like they did last year.

This ‘pounce’, is it what CEO Adam Aron is referring to?

Shareholders are hoping for a massive rebound, squeezing short sellers from this momentum play.

I just hope the pounce isn't extra butter on popcorn
— eric (@eric55753741) July 7, 2022

Adam Aron’s tweet is rather cryptic, but bullish without a doubt.

Some retail investors are anticipating insiders might go on a buying spree, squeezing shorts.

Others think it might have to do with a Q2 catalyst in the form of an announcement.

Perhaps it’s a coming innovation, or dividend?

Could a big company be acquiring AMC?

I’m curious to know what you think.

Be sure to leave a commend down below.

Fox Business reacts to ‘AMC pounce’ announcement

Charles Gasparino reacts to Adam Aron’s ‘AMC pounce’ announcement

If you have not watched Charles Gasparino react to Adam Aron’s tweet you have to check out the short clip above.

Charles has been an opposing figure in the AMC-‘meme stock’ saga.

He’s unprofessionally bashed community members on Twitter and has displayed an allegiance to short sellers.

And in this clip, he looks extremely nervous about where AMC is headed.

Here’s what retail investors have to say:

Yo @CGasparino why don't you ever text me goodnight anymore?
— Trey (@TradesTrey) July 7, 2022

In all seriousness, it looks like AMC could begin trending upwards again like it did in June of last year.

As Charles Gasparino mentioned, AMC is still a very heavily shorted company.

Any upwards momentum could realistically trigger shorts to run and close their positions before amounting very severe and consequential losses.

Adam Aron has warned short sellers in the past, now only time will tell.

Related: Is a New AMC Stock All-Time High Coming Soon?

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Can AMC Stock Reach $100? Market News and Updates

July 8, 2022 / Frank Nez

Market News: Can AMC stock reach $100? — Market News: Can AMC Stock reach $100?

Investors want to know; can AMC stock reach $100 per share?

Last year AMC’s share price skyrocketed to an all-time high of $72 per share.

Retail investors were able to trigger this price surge when a few short sellers decided to close their short positions.

AMC’s short interest percentage during that time dropped from 23% to 20%, and then to 14%.

AMC Entertainment was barely recovering during this time.

Today, the company is stronger than ever before.

Here’s what we know.

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Comparing AMC this year to last year

Can AMC stock hit $100 per share?

AMC is no longer the same company it was last year.

So much has changed ever since the retail community armed the century old movie theatre chain with more than a billion dollars in liquidity.

AMC repaid $45 million of deferred rent reducing their balance to approximately $272 million in Q1 of 2022.

The company plans to reduce the deferred rent by another $125 million by the end of this year.

CFO Sean Goodman announced that AMC seated 39 million guests in Q1 alone this year; it had seated 7 million guests in Q1 of 2021.

A whopping 32 million difference.

AMC Entertainment earned $785.7 million in revenue this first quarter, more than five times the revenue in Q1 of 2021 ($148.3m).

The company also ended Q1 with $1.4 billion in liquidity.

Quick updates

Financial reports suggest AMC is on a road to financial recovery from the impact of Covid-19.
AMC’s Perfectly Popcorn business is on schedule to enter the retail game later this year.
The company is currently doing product testing, research, and looking at new concepts.
AMC says the launch of an AMC credit card is going to be a lucrative business opportunity for the company.
8 different NFT programs have been launched or are in the works of being launched so far, further fueling movie ticket sales.

AMC Entertainment is a stronger company fundamentally today.

Its innovation with crypto and NFTs are going to propel not just the business forward, but its share price in the long-term future too.

Related: Cinemark Competes with AMC in New NFT Deal with Disney

AMC stock almost reached $100 per share when it surged to $72 last year during the month of June.

The stock price was only at $14 when it began to uptrend.

AMC traded at $14.66 on Friday.

Can AMC stock reach $100 per share?

Of course it can.

But the process will require retail investors to be patient.

Whether fundamentals play a role in it or not, AMC only needs a few short sellers to close their positions in order to make this share price level come to fruition.

You can keep an eye out on the reported short interest here (updated daily).

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Is a Big Power Move Underway for AMC Stock?

June 27, 2022 / Frank Nez

Market News: AMC Stock Update + more. — Market News: AMC stock update + more.

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 Top Gun: Maverick — Top Gun: Maverick – AMC theatre stock – movie theatre chain breaks records

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?

AMC Movie Theatres Are Here to Stay

May 31, 2022 / Frank Nez

AMC Entertainment movie theatres have undergone massive change despite mainstream media backlash.

The largest movie theatre chain in the world has been attacked by Wall Street ‘experts’ and corporate media personalities for over a year now.

Movies are back though, and the cinema experience is here to stay.

Tom Cruise’s ‘Top Gun: Maverick’ opened with $253 million worldwide making it the actor’s highest earning film ever.

Many films have broken record this year and AMC Entertainment’s fundamentals have recovered exponentially.

AMC shareholders have been the movie theatre’s backbone.

I’m going to go over a brief update of where AMC stands today.

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Let’s dive right into it!