Tag: AMC Entertainment (Page 1 of 79)

GameStop Short Sellers Now Down A Whopping $1 Billion

GameStop short sellers are now down a whopping $1 billion in May according to new data from S3 Partners analysts.

Shares of the gaming company soared more than 66% on Monday, hitting nearly $37 from a previous close of $17.39.

GME stock is currently up more than 183% in the past month alone.

Media speculates GameStop shares rose due to the return of iconic investor, Keith Gill, AKA Roaring Kitty.

Shares of AMC Entertainment stock also rose by more than 50% on Monday, hitting $4.44 from its previous close of $2.95.

The movie theatre stock is currently up 79% in the past month alone.

According to financial analytics firm, S3 Partners, GameStop short sellers have accumulated approximately $1 billion in paper losses.

“GameStop shorts are down in estimated $1 billion in May paper losses with todays +50% pop in early trading,” said Matthew Unterman on X.

“@S3Partners multi-factor squeeze risk score has been registering a max of 100 every day since May 3rd.”

S3’s Squeeze Score overlays the significant components for a squeeze, higher financing costs and unrealized losses, to their Crowded Score to identify shorted stocks with higher short-side volatility and identifies stocks that have the necessary conditions to be “squeezed”.

Squeeze Scores of 70-100 identify squeezable stocks, and scores over 90 have a significantly higher risk of a squeeze and the potential for the resulting buy-to-covers to pushing stock prices even higher, according to the companies website.

With Roaring Kitty back, does this mean meme stocks are about to blow up again based on hype and momentum again?

I’d love to hear your thoughts on this. Leave a comment down below.

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Also Read: South Korea Now Finds Banks Pursued Illegal Shorting Scheme

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Market News Today - GameStop Short Sellers Now Down A Whopping $1 Billion.
Market News Today – GameStop Short Sellers Now Down A Whopping $1 Billion.

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AMC Has Now Tapped Into A Market With Big Profit

AMC Entertainment (NYSE:AMC) has now tapped into a market with big profit as it continues to close deals with artists to distribute film concerts globally.

In early 2022, we saw Chance The Rapper partner up with AMC Entertainment when they released “Magnificent Coloring World”, a dive into the artist’s tour.

Taylor Swifts 2023 New Eras Tour broke record at AMC Entertainment in September when it pulled more than $26 million in pre-sale tickets alone.

The movie theater company announced that Swift’s film beat the record previously held by “Spider-Man: No Way Home,” which held the previous one-day AMC record with $16.9 million in sales, according to a news release.

Swift’s fans “shattered” the record in just three hours, AMC said.

The film, which will hit theaters Oct. 13, is already pushing out the competition.

The upcoming horror movie, “The Exorcist: Believer” announced it was changing its release date, which was originally set for the same day.

On Twitter, AMC CEO Adam Aron announced that AMC Theatres Distribution will lead the effort in enabling RENAISSANCE: A FILM BY BEYONCÉ to take over movie theatres worldwide.

“RENAISSANCE: A FILM BY BEYONCÉ will also play at most other U.S., Canadian and Mexican movie theatre chains starting Nov 30/Dec 1 as well, including Cinemark, Regal, Cineplex, Cinepolis and so many others.

The release date for other international screenings throughout the world will be announced later in October.

This is such exciting news for AMC and for the world’s entire movie theatre industry.”

Market News Today – AMC Has Now Tapped Into A Market With Big Profit.

Shares of AMC Entertainment rose nearly +2% while Cinemark (NYSE:CNK) shares rose more than +1% on Monday following the announcement.

Fundamentally speaking, it seems AMC Entertainment may have just found its next gold mine — will it be able to successfully tap into the sports segment too?

I’d love to hear your thoughts on this. Leave a comment down below.

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Market News Today - AMC Has Now Tapped Into A Market With Big Profit.
Market News Today – AMC Has Now Tapped Into A Market With Big Profit.

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Will AMC Stock Now Surge As Writers Strike Ends?

Will AMC stock now surge as the writers strike finally comes to an end?

Writers and producers are near an agreement to end the Writers Guild of America strike after meeting face-to-face on Wednesday, reports CNBC.

“The two sides met and hope to finalize a deal Thursday, the sources said.

While optimistic, the people noted, however, that if a deal is not reached the strike could last through the end of the year.

On Wednesday evening, the WGA and the Alliance of Motion Picture and Television Producers released a joint statement that the two groups met for bargaining and would meet again Thursday.”

Theatrical films such as “Aquaman and the Lost Kingdom”, “Beetlejuice 2”, “Deadpool 3”, “Gladiator 2”, “Mission: Impossible”, “Mortal Kombat 2”, and many others have been delayed due to the writers strike.

The world’s largest movie exhibition, AMC Entertainment, has had a steady recovery ever since retail investors saved the company from bankruptcy in 2021.

Despite its progress, CEO Adam Aron has stated that the company is in need of titles to keep the train moving forward.

The end of the writers strike will provide the movie theatre chain with endless films for theatrical release.

So far, shares of the company have fallen more than -67% in the past month and more than -74% this year-to-date.

Luckily, the company was able to raise $325 million in fresh capital after its approved proposals.

“The successful completion of this equity offering marks another significant milestone for AMC.

Raising more than $325 million in gross proceeds has bolstered our ability to survive and then thrive.

As we navigate the recovery phase of our industry, this infusion of capital provides us with flexibility to assist us in navigating the waters ahead and continue delivering the magic of movies to our guests,” stated CEO Adam Aron.

The CEO of AMC Now Addresses Shareholders in New Message

Market News Today - Will AMC Stock Now Surge As Writers Strike Ends?
Market News Today – Will AMC Stock Now Surge As Writers Strike Ends?

The CEO of AMC Entertainment (NYSE:AMC), Adam Aron, recently addressed shareholders in a new message on Twitter.

“You have sent me over 5,000 comments in response to the tweets I wrote just in the past two days.

I try to read them all, or as many as I can. As should be expected, many are positive, many are negative. This may surprise you but I genuinely appreciate receiving all of it, the good but also the bad. Why? Because you own our company.

It is important that I understand what you think –both the favorable and the unfavorable.

At the same time, it is absolutely vital that after distilling all of your feedback, I actually do and action what I think is in the best interests of all of our shareholders,” Adam Aron said on Twitter.

While I am as frustrated as any of you are by the challenges that AMC still faces 42 long months after Covid forced the closure of all of our theatres, that frustration is greatly outweighed by my pride that AMC is still alive and fighting… that AMC is still leading and innovating… and that AMC is eminently stronger with our now greatly increased cash reserves.

How many times have the naysayers and prophets of doom predicted with certainty that AMC would fail? So far, we have proven them wrong. Over and over again. Wrong, wrong, wrong. In my view, AMC has an exciting future ahead, as our industry continues on its long glide path to eventual recovery and as AMC continues to take bold action to be out front.

In the language and customs of the 18th century, a message like this one would be signed “Your humble and obedient servant.”

Also Read: New Report: August Saw Whopping $129 Million in AMC FTDs

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Market News Today - Will AMC Stock Now Surge As Writers Strike Ends?
Market News Today – Will AMC Stock Now Surge As Writers Strike Ends?

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New Report: August Saw Whopping $129 Million in AMC FTDs

Market News Today - New Report: August Saw Whopping $129 Million in AMC FTDs.
Market News Today – New Report: August Saw Whopping $129 Million in AMC FTDs.

August saw a record high of $129 million in AMC FTDs according to the latest data by Stocksera.

The $129 million dollar amount in AMC FTDs is equivalent to a total of 50,780,515 FTDs (non-cumulative).

The month finished with more than 130K FTDs, though the $129 million in FTDs was the highest spike seen in August.

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.

AMC FTDs Latest Report.
AMC FTDs Latest Report.

“Sometimes there are fails to deliver, and a fail to deliver is when you don’t have the ability to prove that you borrowed the stock legally before you actually shorted it”, said Yahoo’s Senior Markets and Data Reporter Jared Blikre.

He says a company joining the NYSE Threshold Securities List is a clear indication of manipulation in the market, primarily through ‘naked short selling’, which is something Wes Christian says is a worldwide problem.

AMC Entertainment remained on the NYSE Threshold Securities List for 50 consecutive days before being removed.

Once a ticker has remained on the NYSE Threshold Securities List for 13 consecutive days, the broker-dealer must immediately close out all fail-to-deliver positions by purchasing shares in the open market, a rule that has been violated multiple times this year.

In April, AMC hit all-time highs when FTDs soared between 17 million and 18 million, equaling $85.4 million (non-cumulative).

However, August saw the most AMC FTDs this year so far, a problem retail investors suggest must be looked at.

But what do you think? Are these simply just market mechanics? Or is something fraudulent happening with AMC’s incredibly high number of FTDs? Leave your thoughts in the comment section down below.

Other AMC Entertainment News and Updates

Market News Today - New Report: August Saw Whopping $129 Million in AMC FTDs.
Market News Today – New Report: August Saw Whopping $129 Million in AMC FTDs.

The CEO of AMC Entertainment (NYSE:AMC), Adam Aron, has addressed shareholders in a new message on Twitter.

The company recently announced that it raised $325 million in brand new equity to bolster its liquidity and pay down its debt.

At the end of this week’s trading, AMC Entertainment finished up more than +13% with shares peaking at $8.91 on Thursday.

However, shares fell nearly -7% on Monday.

“You have sent me over 5,000 comments in response to the tweets I wrote just in the past two days.

I try to read them all, or as many as I can. As should be expected, many are positive, many are negative. This may surprise you but I genuinely appreciate receiving all of it, the good but also the bad. Why? Because you own our company.

It is important that I understand what you think –both the favorable and the unfavorable.

At the same time, it is absolutely vital that after distilling all of your feedback, I actually do and action what I think is in the best interests of all of our shareholders,” Adam Aron said on Twitter.

While I am as frustrated as any of you are by the challenges that AMC still faces 42 long months after Covid forced the closure of all of our theatres, that frustration is greatly outweighed by my pride that AMC is still alive and fighting… that AMC is still leading and innovating… and that AMC is eminently stronger with our now greatly increased cash reserves.

How many times have the naysayers and prophets of doom predicted with certainty that AMC would fail? So far, we have proven them wrong. Over and over again. Wrong, wrong, wrong. In my view, AMC has an exciting future ahead, as our industry continues on its long glide path to eventual recovery and as AMC continues to take bold action to be out front.

In the language and customs of the 18th century, a message like this one would be signed “Your humble and obedient servant.”

Market News Published Daily 📰

Market News Today - New Report: August Saw Whopping $129 Million in AMC FTDs.
Market News Today – New Report: August Saw Whopping $129 Million in AMC FTDs.

Don’t forget to opt-in for push notifications so you don’t miss a single article!

Also, thank you to all of our blog sponsors. This year we’ve been able to increase push notifications slots making it more convenient than ever for new readers to receive their daily market news and updates.

You can also follow me on TwitterInstagramFacebook, or LinkedIn for daily news and updates on your favorite stories.


Become a Sponsor for only $1/mo.

  • Gain access to EXCLUSIVE FrankNez articles you won’t find here.
  • Become part of a private and safe Discord community, just for retail investors.
  • Get drawn at the end of the year for holiday giveaways.


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