Tag: AMC Entertainment (Page 1 of 27)

Amazon is Considering Acquiring AMC Entertainment

Market News Daily: Amazon is Considering Acquiring AMC Entertainment.
Market News Daily: Amazon is Considering Acquiring AMC Entertainment.

Amazon (NASDAQ:AMZN) is considering buying AMC Entertainment (NYSE:AMC) according to Amazon Insiders, per Intersect.

AMC stock rose more than +16% on the news before getting halted.

The thinking is that Amazon can use AMC’s theatres as “marketing weigh stations,” said one Amazon insider.

This would be used for promoting Amazon Prime movies for awards contention, cross-selling services such as grocery delivery, serving as local distribution hubs, and collecting crucial data from AMC’s annual 200 million moviegoing customers.

“It would also throw a lifeline to AMC, the world’s largest theater chain whose financials were torpedoed by the COVID pandemic chased by Hollywood’s cut-throat pivot to their own streaming services. The cinema chain – whose stock traded a year ago at $34 and now languishes at about $4 – can be scooped up cheaply (and without a major premium) for just a few billion dollars,” says Intersect.

“The discussions inside Amazon’s headquarters in Seattle and entertainment offices in Los Angeles are fluid, and there is no certainty that the retail giant will even make an offer.

One insider told The Intersect that Bezos may just bide his time should AMC’s stock continue to erode, or even pounce on AMC assets if the company buckles into bankruptcy — a strategy reminiscent of British banking giant Barclays’ takeover of Lehman Bros. during the financial crisis.”

Amazon AMC Acquisition Rumor

Market News Daily: Amazon is Considering Acquiring AMC Entertainment.
Market News Daily: Amazon is Considering Acquiring AMC Entertainment | Amazon AMC Acquisition News.

Sources say Adam Aron responded to a text message late Monday evening with “we do not reply to rumors and speculation.”

Amazon did not immediately reply to several email inquiries seeking comment.

Intersect says these are internal discussions being held inside Amazon and no official offer has been made from either party.

Still, many investors over the years have speculated an offer would one day be brought to the table.

If Amazon acquired AMC Entertainment, it would boost the company’s market cap substantially, more than likely squeezing short sellers from this acquisition.

Would this be a gamechanger for AMC Entertainment?

I’d love to hear your thoughts on this in the comment section down below.

Source(s): Intersect.

Market News Published Daily

Market News Today: Amazon is Considering Acquiring AMC Entertainment.
Market News Today: Is Amazon buying AMC? Amazon is Considering Acquiring AMC Entertainment.

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Amazon and Apple Are Now Contributing Billions to Movie Industry

Amazon and apple are now contributing billion to movie industry
Market News Daily: Amazon and Apple are now contributing billions to the movie industry.

Amazon (NASDAQ:AMZN) and Apple (NASDAQ:AAPL) are now contributing billions of dollars to the movie theatre industry.

This is a great development for AMC Entertainment (NYSE:AMC), the largest movie theatre chain in the world.

“Experts are now projecting that ticket sales will be off about 15% from before the pandemic (with 15% less product) and just about every studio is ramping up output.

After years of negotiations and failed experiments, theater chains and movie studios have reached something of a truce.

Studios will debut most of their movies in theaters and can now make them available at home within a few weeks,” says Bloomberg.

Oh, how the tide has changed.

But will the Wall Street short narrative change?

AMC’s short interest for example continues to rise, currently at 24.98%.

AMC Entertainment stock has dropped -43% in the past month despite being up more than +9% this year-to-date.

Let’s discuss the latest developments happening with Amazon, Apple, and AMC.

Amazon Studios Set to Release “AIR” in Theatres

Amazon Studios has its first-ever original movie debuting in theatres globally on April 5th, 2023.

AIR tells the story of the game-changing partnership between Nike and a then-rookie named Michael Jordan.

Insider information surfaced in November last year that Amazon was planning to invest billions of dollars in the movie theatre industry.

This is the largest commitment to the movie theatre industry by an internet company, says Bloomberg.

The world’s largest online retailer aims to make between 12 and 15 movies annually that will get a theatrical release.

CNBC commented:

“While a $1 billion annual investment for film development is on the lower end of what major Hollywood studios spend each year, it’s a positive sign for the movie theater business, which has struggled in the wake of the pandemic.”

So far, Amazon Studios has 4 original movie titles coming out with dates still to be determined.

Apple to Invest $1 Billion Per Year in Theatrical Titles

Apple to invest $1 billion in Movie Theatres
Amazona and Apple will bring revenue to AMC in theatrical releases.

The movie theatre industry, including the world’s largest movie theatre chain AMC Entertainment, will receive an additional $1 billion per year in theatrical titles from Apple.

Aside from Amazon, Apple’s investment will bring AMC Entertainment more revenue in theatrical releases.

This will allow the theatre chain to continue tackling its debt and continue working towards becoming a profitable company again.

AMC CEO Adam Aron says that the only challenge the theatre chain currently faces is not having enough movie titles to premier.

The investment by Amazon and Apple is a massive win for AMC.

Apple’s investment is part of the tech company’s efforts to raise its profile in Hollywood and lure subscribers to its streaming service, Apple TV+, Bloomberg reported, citing people familiar with the matter.

The commitment to longer theatrical releases is a way for the company to appease talent, who want their projects on the big screen, and drum up awareness for its streaming platform, which is estimated to have between 20 million and 40 million users.

Bloomberg reports that Amazon and Apple must collaborate with various studios who have the knowledge of releasing films in theatres since they cannot release films in theatres on their own yet.

“That’s why Warner Bros. is releasing Creed III and Air abroad, and why Paramount will still distribute Scorsese’s Killers of the Flower Moon for a fee.”

Positive News for AMC Entertainment and Cinema Industry

Amazon and Apple’s contribution to the movie theatre industry is just what AMC Entertainment needed.

What are your thoughts on the latest developments?

Wall Street can no longer fight for the ‘movie theatres are dead’ narrative.

Do you think this will be a game change for AMC Entertainment?

Leave your thoughts below.

Market News Published Daily

Market News Daily: Amazon and Apple are now contributing billions to the movie industry.
Market News Daily: Amazon and Apple are now contributing billions to the movie industry.

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Robinhood Reports AMC at $417 Billion Market Cap

Robinhood is reporting AMC at a $417 billion market cap and more. CEO Adam Aron says they are reviewing sources to check for accuracy.
Market News Daily – Robinhood Reports AMC at $417 Billion Market Cap.

Robinhood (NASDAQ:HOOD) and other brokerages have been reporting AMC Entertainment (NYSE:AMC) at a $417 billion market cap and even $421 billion market cap.

This puts AMC Entertainment up with Facebook in terms of market cap, per the reportings.

Many shareholders have been sharing screenshots of what CEO Adam Aron believes to be discrepancies from these brokers.

The CEO said on Friday data sources are under review for accuracy after several sources, including MarketWatch, were reporting the company’s equity APE (NYSE:APE) of also having a 93.79 billion market cap.

Both AMC and APE are displaying what shareholders believe to be the true value of the securities.

Few skeptics have written off the data as simply ‘glitches’ from brokers.

AMC CEO Adam Aron has demonstrated displeasure towards these reports.

“Market Watch currently showing 93.79 billion APEs outstanding. Clearly WRONG, wildly so. We are calling them now demanding this get corrected immediately. Also reviewing many other data sources to check for accuracy. So curse-word-here irresponsible that they publish false info,” said the CEO on Twitter.

Adam Aron has previously shown a strong dislike for market manipulation talks, urging investors to focus on AMC’s fundamentals instead.

Some shareholders are rather confused by the CEOs reactions, who alleged people of possibly photoshopping their screenshots.

This has led shareholders to encourage Adam Aron to begin looking into the manipulation of AMC stock.

AMC FINRA and NYSE FTD Update

Earlier in March, Adam Aron announced that the company has contacted both FINRA and the NYSE to look closely at the trading of their stock.

“Many of you, and we, are aware that AMC Entertainment has been on ‘The Threshold List‘ for 3+ weeks, indicating a number of FTDs.

Some of you may be pleased to learn that we have contacted both FINRA and the NYSE asking that they both look closely at the trading of our stock.”

But Adam Aron nor AMC have released a formal document confirming the claims reaching out to the NYSE or FINRA.

This has led some investors to speculate the announcement was aimed at getting shareholders to vote yes for the proposals that have now been passed.

Investors have not heard back on an update from the CEO on what FINRA or the NYSE had to say about the alarming number of FTDs, which are usually a clear sign of naked shorting, per Investopedia and Business Insider.

What we know is that AMC was removed from the NYSE Threshold Securities List shortly after Adam Aron’s announcement — the stock plunged shortly after.

This is contrary to what the SEC rules say is supposed to happen once a security is listed after 13 consecutive days.

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Market News Today - Robinhood Reports AMC at $417 Billion Market Cap.
Market News Today – Robinhood Reports AMC at $417 Billion Market Cap.

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AMC CEO Says Data Sources Are Under Review for Accuracy

Market News Daily - AMC CEO Says Data Sources Are Under Review for Accuracy.
Market News Daily – AMC CEO Says Data Sources Are Under Review for Accuracy.

AMC CEO Adam Aron says data sources are under review for accuracy after several sources, including MarketWatch, were reporting the company’s equity APE (NYSE:APE) having a 93.79 billion market cap.

That’s more than 20 times its ‘accurate’ 4.60 billion market cap reported by Yahoo Finance.

“Market Watch currently showing 93.79 billion APEs outstanding. Clearly WRONG, wildly so. We are calling them now demanding this get corrected immediately. Also reviewing many other data sources to check for accuracy. So curse-word-here irresponsible that they publish false info,” said the CEO on Twitter.

Screenshots of other wild reports have surfaced on social media, which has angered the CEO.

Adam Aron has previously shown a dislike for market manipulation talks, urging investors to focus on AMC’s fundamentals instead.

But it seems the market might just expose itself to Adam like it did to others, such as Roger Hamilton of Genius Group and Patrick Byrne of Overstock.

The CEO said, “many Twitter reports to me indicating 9.3 trillion APEs are outstanding or we have a $409 billion market cap. Clearly both WRONG. Either a data service inexcusably is in error or someone criminally photoshopped bogus numbers. To the extent possible, we’ll aggressively chase this.”

Will these discrepancies lead AMC CEO Adam Aron into the rabbit hole of market manipulation or naked shorting?

Many shareholders are certainly hoping so.

Recent AMC Stock Manipulation News

Earlier in March, Adam Aron announced that the company has contacted both FINRA and the NYSE to look closely at the trading of their stock.

“Many of you, and we, are aware that AMC Entertainment has been on ‘The Threshold List‘ for 3+ weeks, indicating a number of FTDs.

Some of you may be pleased to learn that we have contacted both FINRA and the NYSE asking that they both look closely at the trading of our stock.”

AMC failure-to-delivers (FTDs) have been begun to rise again.

FTDs topped 6.8 million in February (non-cumulative), amounting to more than $36 million in failed to close orders.

The data is still being reported which means there’s a possibility we may see higher FTDs once February’s entire month has been processed.

Adam Aron nor AMC have released a formal document confirming the claims reaching out to the NYSE or FINRA.

FTDs, or Failure-to-deliver occurs when one party in a trading contract (whether it’s shares, futures, or options) fails to deliver on their obligations.

These failures derive due to buyers not having enough money to take delivery and pay for the transaction at settlement.

In the case of sellers, it means not having the goods to meet that transaction.

Failure-to-delivers can occur in options trading or when selling short naked, per Investopedia.

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Market News Today - AMC CEO Says Data Sources Are Under Review for Accuracy.
Market News Today – AMC CEO Says Data Sources Are Under Review for Accuracy.

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AMC Entertainment Gets $1bn Boost in Movie Titles from Apple

Market News Daily - AMC Entertainment gets a $1 billion boost in movie titles from Apple.
Market News Daily – AMC Entertainment gets a $1 billion boost in movie titles from Apple.

AMC Entertainment (NYSE:AMC) will finally get a boost in new movie titles as Apple prepares to spend $1 billion per year in theatrical releases.

CEO Adam Aron has said on a few occasions that AMC Entertainment’s potential is essentially capped by the number of titles being released each year.

AMC Entertainment is the largest movie theatre chain in the world.

It was able to survive the pandemic and remain the industry leader after millions of investors saved the company from bankruptcy when the company stock was purchased en masse to squeeze short sellers.

The company was able to raise billions of dollars and continues to raise hundreds of millions today as it makes way for profitability again.

Apple’s investment is part of the tech company’s efforts to raise its profile in Hollywood and lure subscribers to its streaming service, Apple TV+, Bloomberg reported, citing people familiar with the matter.

Apple has released films directly to its streaming platform or allowed limited runs in a small number of theaters for Academy Award eligibility.

The commitment to longer theatrical releases is a way for the company to appease talent, who want their projects on the big screen, and drum up awareness for its streaming platform, which is estimated to have between 20 million and 40 million users, much smaller than rivals Netflix and Disney +.

But Apple isn’t the only big company contributing to the movie theatre industry.

Amazon to Contribute $1bn Annually to Movie Theatre Industry

In November of 2022, Bloomberg reported that Amazon was also planning to invest $1 billion per year in the movie theatre industry, aiming to release anywhere between 12-15 movie titles per year.

That number of releases puts Amazon on par with major studios such as Paramount Pictures.

Now, Amazon Studios has its first-ever original movie debuting in theatres globally on April 5th, 2023.

AIR tells the story of the game-changing partnership between Nike and a then-rookie named Michael Jordan.

This is the largest commitment to the movie theatre industry by an internet company, says Bloomberg.

CNBC commented:

“While a $1 billion annual investment for film development is on the lower end of what major Hollywood studios spend each year, it’s a positive sign for the movie theater business, which has struggled in the wake of the pandemic.”

The Wall Street narrative that the movie theatres are dead no longer seem to hold weight.

And the rumors of Amazon going into the movie theatre industry are no longer rumors.

Apple joining the movie theatre industry seems to only reinforce and secure the future of AMC Entertainment.

Movie Theatres Are Essential for The Entertainment Industry

Market News Daily - AMC Entertainment to get a boost in movie titles from Apple.
Market News Daily – AMC Entertainment to get a boost in movie titles from Apple.

Big leaders in the entertainment industry have realized that they require the theatrical experience to grow their businesses.

There was an incident with Netflix where the company missed out on more than $200 million from taking Glass Onion: A Knives Out Mystery starring Daniel Craig out from the movie theatres too early.

The film earned $15 million at the box office but CNBC says the showing could have made $200 million if it had been kept in theatres longer.

Box office analysts say Glass Onion could have earned much higher earnings if Netflix had opted for a traditional wide release of 2,000 to 4,000 theaters.

CNBC stated, “Netflix has backtracked on its previous policies, including by introducing an ad-supported subscription option, leading many to wonder whether the company should rethink its resistance to the traditional Hollywood movie release model as it looks for new ways to grow revenue.

Amazon and Apple’s move to invest billions of dollars in the movie theatre industry is going to be a game changer for AMC Entertainment, as well as other cinemas in the industry.

But I’m curious to hear your thoughts on what’s happening today with AMC.

Leave a comment down below and share this story.

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Market News Today - AMC Entertainment to get a boost in movie titles from Apple.
Market News Today – AMC Entertainment gets a $1 billion boost in movie titles from Apple.

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AMC’s Cost to Borrow Has Hedge Funds Burning Money

AMC Cost to borrow
Market News: AMC’s cost to borrow increases

AMC’s cost to borrow continues to rise.

In the past, we’ve seen how important this data has been regarding major price runup.

Not only does a high cost to borrow incentivize short sellers to close their positions, but it gets AMC one step closer to a squeezing.

In this article I’m going to break down the number figures and explain why the CTB and other data is pointing AMC in the right direction.

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Cost To Borrow explained

The cost to borrow is the average annualized percent (%) of interest on loans hedge funds have to pay.

For example:

AMC has approximately 197.22 million shares on loan as of the publication of this article.

Hedge funds are paying 215% annually on these loans.

This translates to approximately $424 million per year, or $35 million per month.

In the meantime, it’s costing retail investors $0 to hold their positions in AMC stock.

Hedge funds will continue to pay more as AMC’s cost to borrow rises.

Free Live Daily Updates: AMC Short Interest + more

Short interest

AMC short interest

AMC’s current short interest is: 24.36%.

This is the percent of a company’s free float that is shorted.

AMC is a short squeeze play because of this number figure.

This number figures tells retail investors that there is a high interest in shorting the company stock.

It’s this data that allowed retail investors to foresee big price moves in January and in June of 2021.

This same data tells investors today that AMC has the potential to hit another all-time high.

Some of you might be familiar with the correlations between short interest and rise to $72 per share last year.

AMC’s short interest dropped from 22% to 20%, then to 14% when it ultimately skyrocketed in price from $14 per share to $72 per share.

Despite what mainstream media has said in the past, no, AMC’s short interest is not too low to squeeze shorts from their positions.

Related: 93% of AMC Shareholders Say They’re Holding This Year

Will AMC’s cost to borrow force shorts to close?

AMC short squeeze
AMC cost to borrow – AMC short squeeze

Hedge funds may be incentivized to close their short positions in AMC stock as the cost to borrow increases. At some point, it’s not worth paying that high of a fee to continue shorting a company that has fundamentally improved.

AMC is no longer the same endangered company it once was during the pandemic.

The company has improved every quarter since 2021 and has managed to get rid of a lot of debt.

The world’s largest movie theatre continues to innovate and adapt to the changing world.

While online streaming threatened the industry, revenue from box office hits has proved people are still going to the movie theatres, despite the convenience of watching movies at home.

Short sellers are betting against a recovering and innovating film industry generating billions in revenue now.

As AMC continues to prove itself fundamentally and the cost to borrow rises, expect short sellers to begin closing their short positions.

Here is where patient investors will see massive returns.

BREAKING: AMC Entertainment Gets $1bn Boost in Titles from Apple

Do you own AMC stock?

Are you an AMC shareholder or are thinking about buying AMC stock?

Leave a comment below.

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AMC Stock: CEO is Tired of Manipulation Talks

Market News Daily: AMC CEO fatigued by manipulation talks.

AMC Entertainment (NYSE:AMC) CEO Adam Aron touches on billions of synthetic shares and market manipulation.

For years now, AMC shareholders have stuck to their convictions on a mother of all short squeezes (MOASS) due to the alarming amount of overleveraged shares out in the market that institutions still have to buy back.

AMC Entertainment stock has been shorted in the past by some of the biggest short sellers on Wall Street, though now they are playing both sides to hedge their bets.

Notorious short seller Citadel has a long history of market manipulation, Chairman Gary Gensler says more than 50% of trading goes through dark pools, and Patrick McConloguge, an ex-Citadel data scientist says the game is rigged and that rules are tailored to benefit hedge funds.

But AMC CEO Adam Aron says that is not the company’s problem, despite thousands of investors urging the company to take an activist role in lifting the suppression that keeps the stock price from rising.

Investors managed to raise AMC shares from $2 to $20, and from $5 to $72 per share — though halts and other forms of suppression limited how high the stock was allowed to go.

Shareholders have felt cheated ever since and have urged AMC’s CEO to take legal action against naked shorts like other CEOs are currently doing.

But AMC’s CEO has recently expressed a strong message towards the manipulation occurring in his company stock.

And quite frankly, the CEO expresses he’s tired of investors talking about it.

Let’s dive right into it.

AMC CEO on Billions of Synthetic Shares

AMC CEO Adam Aron on Synthetic Shares.
AMC CEO Adam Aron on Synthetic Shares.

In August 2022, just moments before the debut of AMC’s Preferred Equity, APE, Adam Aron released the following statement:

“Candidly, I’ve seen no evidence so-called fake or synthetic shares exist. But many of you disagree. This preferred equity dividend goes ONLY to company issued shares. So, it will have the impact of a “share count” or unique dividend many of you have sought.”

This alarmed many investors at the time with a few die-hard followers calling anyone who mentioned this news as ‘bot’, ‘shill’, or ‘fud’ — completely unnecessary of course but it paints the environment well.

Other Twitter influencers promised shareholders APE was the catalyst to an epic short squeeze but failed to explain the equity’s true purpose.

In other words, only a half-truth was being spread within the community which caused shareholders to hold even deeper losses.

A video surfaced on social media of Adam Aron speaking on market manipulation that has many investors somewhat divided — though it shouldn’t.

And I’ll explain why in a moment.

The CEO says, “guys, don’t believe everything you read on Twitter. Yes, it’s true that we have a lot of short sellers who have sold our shares short, but all that stuff that you read about market manipulation, and fail to delivers, and all this other stuff, there’s billions of synthetic shares out there — that’s not our problem.”

Adam Aron said on Twitter the company had reached out to the NYSE and FINRA to look into the high number of FTDs but failed to provide any sort of letter confirming the claims.

Shareholders are confused to say the least with what the CEO had to say during one of his events.

Is the CEO is experiencing fear, uncertainty, and doubt?

In another video, the CEO can be heard telling a shareholder, “You don’t know what you’re talking about. You’re just wrong. You’re just wrong across the board. There are no synthetic shares.”

Despite not being one of the most peppy AMC updates, it sure is something worth raising awareness about.

What the CEO says and what you have seen are going to reinforce your conviction or lack thereof.

However, there are always two sides to a coin.

In the full video, you can also hear the CEO state that essentially running the company fundamentally is more important than the manipulation happening in the company stock.

The clips are rubbing many investors the wrong way but shouldn’t be take completely out of context.

Still, investors feel the CEO should not discuss market injustices if he’s not willing to tackle them.

Why is This Important?

Market News Daily: Adam Aron tired of market manipulation talks.
Market News Daily: Adam Aron tired of market manipulation talks.

There are millions of investors out there who have witnessed the market manipulation single handedly for years and now they’re being told it’s not important — or rather it doesn’t exist, when real data, reports, and whistleblowers have stated otherwise.

Though the CEOs controversial statements might have investors divided, it shouldn’t.

In the end, a shareholder is a shareholder and everyone has a choice to make based on what’s happening in the market and with the company.

Some shareholders are indifferent, simply waiting to collect profits when shorts start closing their positions.

AMC’s short interest is still high at 23.60%.

The short interest was lower when AMC shares ran up to its all-time high of $72 per share in 2021.

Time will tell where AMC’s share price goes from here on out.

What do you make of AMC’s CEO’s thoughts on the manipulation?

Was this the proper way to address shareholders and the community who have been fighting for change in the financial system?

Out of the market injustices that have occurred ever since the ‘meme stock’ frenzy, ‘We The Investors’ has established a legitimate voice for the retail community and has been able to speak to Chairman Gary Gensler on concerns and issues investors are currently facing.

We’ve also been able to raise enough awareness to bring certain issues to light by bigger media outlets, ensuring your voice is heard.

Leave your thoughts below.

Originally published on March 15, 2023.

Market News Published Daily

Market News Today - AMC CEO Fed Up with Manipulation Talks
Market News Today – AMC CEO tired of Manipulation Talks.

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