Tag: AMC Army (Page 2 of 10)

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

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

Hedge fund losses in AMC
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 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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Was AMC’s MOASS Just Confirmed?

Market News: AMC MOASS confirmed by cryptic tweets?
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…”

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.

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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– Frank Nez


AMC Entertainment Repurchases $72.5 Million of Lien Debt

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
AMC Theaters CEO Adam Aron | AMC Debt news and update

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?

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.

franknez.com

Welcome to Franknez.com – if you haven’t joined the newsletter, be sure to do that below. I’m publishing market news and updates daily.

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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?

AMC stock news and updates - is AMC stock a buy?
AMC stock news and updates | AMC share price exceeds industry expectations

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.

franknez.com

Your support helps maintain all the costs it takes to run a blog at this scale.

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


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