Tag: AMC Stock (Page 1 of 44)

Will AMC Stock Now Surge As Writers Strike Ends?

Market News Today - Will AMC Stock Now Surge As Writers Strike Ends?
Market News Today – 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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Free Live Daily Updates: AMC Short Interest Today + More.

AMC Short Interest Today

Free Live Daily Updates: AMC Short Interest Today + More.

Community, I’m going to be updating this list of momentum stock and their short interest and utilization daily (AMC short interest, BBIG, MULN, BIOR, GME, APE, and many others).

Be sure to bookmark this page for daily AMC short interest updates and more.

Other metrics being updated daily will include the cost to borrow, shares on loan, + short squeeze scores.

If there are other heavily shorted stocks you’d like me to update daily, please leave a comment below and I’ll be sure to look into them before adding them to the list!

– Frank Nez

Franknez.com

#1. MMAT Short Interest

Short Interest: 10.49% | Utilization: 80.82 | Cost To Borrow: 21.40 | Shares On Loan: 39.35 Million | Days To Cover: 7.22

MMAT Short Squeeze Score: 82

(Updated Daily)

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#2. AMC Short Interest Today

Short Interest: 12.47% | Utilization: 62.20 | Cost To Borrow: 6.35 | Shares On Loan: 25.85 Million | Days To Cover: 1.98

AMC Short Squeeze Score: 67

(Updated Daily)

Retweet This Article on Twitter ⬇️


#3. GME Short Interest

Short Interest: 20.24% | Utilization: 86.63 | Cost To Borrow: 3.64 | Shares On Loan: 75.34 Million | Days To Cover: 26.79

(Updated Daily)

GME Short Squeeze Score: 86

Click the image to read the latest GameStop news article.

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#4. MULN SI

Short Interest: 19.04% | Utilization: 80.47 | Cost To Borrow: 30.81 | Shares On Loan: 75.55 million | Days To Cover: 1.19

(Updated Daily)

MULN Short Squeeze Score: 79

Click the image to read the latest MULN stock news aritlce.

Repost this article on Twitter ⬇️


#5. LCID SI

Short Interest: 25.86% | Utilization: 91.71 | Cost To Borrow: 1.66 | Shares On Loan: 310.10 Million | Days To Cover: 7.21

(Updated Daily)

LCID Short Squeeze Score: 77

Daily Market News

FrankNez - Daily Market News and stock updates.
FrankNez – Daily Market News and stock updates.

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Related: This is What’s Stopping AMC From Squeezing Today



New Report: Short Interest Is Much Higher on Most Stocks

Market News Today - New Report: Short Interest Is Much Higher on Most Stocks.
Market News Today – New Report: Short Interest Is Much Higher on Most Stocks.

For years now retail investors have stated that short interest is much higher on most stocks than is being reported.

I’ve been sharing AMC’s, GME’s, and other ticker’s short interest daily for years now.

But something interesting happened post AMC’s approved proposals, short interest plunged heavily without any signs of shorts closing their positions.

And AMC is not the only retail favorite that has seen a significant drop.

AMC short interest is currently sitting at 11.54%, at least according to the latest Ortex data.

See, the thing is that according to FINRA, positions held overseas at a separate legal entity are not required to report short interest positions.

For this very reason, it means that there are several more short positions worldwide than meets the eye.

This also means that financial institutions may have subsidiaries as legal entities overseas without having to necessarily report their short selling activities.

This loophole is what has led many retail investors to believe that companies targeted by short sellers have fallen victim to possible fraudulent schemes.

Essentially, there are corners in the market that have hidden activity which take advantage of the average investor.

According to Science Direct, a big reason for hiding short positions is that disclosure could make them more costly or difficult to maintain and close.

“Such strategic disclosures can help activist short sellers reduce noise trader risk, making prices converge faster to their fundamental value (Kovbasyuk, Pagano, 2015, Ljungqvist, Qian, 2016, Zhao, 2018).

They also could be used as devices to coordinate predatory short selling and manipulate stock prices (Goldstein, Guembel, 2008, Brunnermeier, Oehmke, 2014).

Are retail favorites being manipulated from accounts overseas? Most would say absolutely given the strange trading activity that persists even today.

But I would love to hear your thoughts — leave a comment down below.

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

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Market News Today - New Report: Short Interest Is Much Higher on Most Stocks.
Market News Today – New Report: Short Interest Is Much Higher on Most Stocks.

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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.

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The CEO of AMC Now Addresses Shareholders in New Message

Market News Today - The CEO of AMC Now Addresses Shareholders in New Message
Market News Today – The CEO of AMC Now Addresses Shareholders in New Message

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.

“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.”

AMC is Well On The Path to Recovery

Market News Today - The CEO of AMC Now Addresses Shareholders in New Message
Market News Today – The CEO of AMC Now Addresses Shareholders in New Message

AMC Entertainment is well on the path to recovery, but where does that leave investors in terms of the manipulative short selling of the stock?

After all, about 100% of investors were focused on the short selling anomalies happening in AMC stock since 2021.

While AMC’s fundamentals have greatly improved and the company is no longer at risk for bankruptcy, many shareholders have lost majority of their portfolios at the hand of manipulative short selling.

Users on Twitter don’t believe the CEO will touch topic on these actions in the market, even if they believe it should be on top of the list.

Today, AMC Entertainment stock is down more than -72% this year-to-date with the company making the NYSE Threshold Securities List numerous times this year for its incredibly high count of FTDs.

“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 Wes Christian says is a worldwide problem.

Whether or not the company will pursue an investigation on any form of illicit trading activity, AMC Entertainment is determined to eliminate Wall Street’s short thesis via its fundamentals first.

A B. Riley analyst says AMC Entertainment is now safe after the company’s recent stock sale and has even given the movie theater company a ‘neutral’ rating with a $45 price target.

“We believe these proceeds not only provide an increased near-term liquidity safety net while the lingering Hollywood strikes potentially put the 2024 film slate at risk but also provide an opportunity for the company to reduce the principal balances for the higher interest rate debt scheduled for maturity in 2026 and beyond,” Wold wrote.

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Market News Today - The CEO of AMC Now Addresses Shareholders in New Message
Market News Today – The CEO of AMC Now Addresses Shareholders in New Message

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Analyst Now Says AMC is Safe After Stock Sale

Market News Today - Analyst Now Says AMC is Safe After Stock Sale.
Market News Today – Analyst Now Says AMC is Safe After Stock Sale.

A B. Riley analyst says AMC Entertainment (NYSE:AMC) is now safe after the company’s recent stock sale.

AMC Entertainment was able to raise $325 million in brand new equity according to the company’s latest report.

AMC raised approximately $325.5 million of new equity capital through the sale of 40 million shares, before commissions and fees, at an average price of approximately $8.14 per share.

“The Company intends to use the net proceeds, if any, from the sale of the Common Stock pursuant to the Equity Distribution Agreement to bolster liquidity, to repay, refinance, redeem or repurchase its existing indebtedness (including expenses, accrued interest and premium, if any) and for general corporate purposes,” it said in a filing.

B. Riley analyst Eric Wold has given AMC Entertainment a ‘neutral’ rating with a $45 price target.

He believes that management should continue to use the equity sales to pay off debt amid the uncertainty of the Hollywood strike and what that could mean for the movie industry.

However, when there is a conclusion to the strikes, Wold says the company could use the cash to buy new movie theaters and diversify growth strategies, reports Barrons.

“We believe these proceeds not only provide an increased near-term liquidity safety net while the lingering Hollywood strikes potentially put the 2024 film slate at risk but also provide an opportunity for the company to reduce the principal balances for the higher interest rate debt scheduled for maturity in 2026 and beyond,” Wold wrote.

“The completion of this ATM equity offering significantly boosts AMC’s cash reserves, addresses current liquidity concerns, and fortifies the balance sheet,” the company said in its news release.

Also Read: AMC Shareholders Now Look to CEO For Answers

What’s Happening with AMC Entertainment?

Market News Today - Analyst Now Says AMC is Safe After Stock Sale.
Market News Today – Analyst Now Says AMC is Safe After Stock Sale.

AMC Entertainment has had a major shift fundamentally, the movie theatre chain is improving drastically.

At the time of this publication, AMC is up more than +13 in the past 5-trading days.

The company has held relatively well post reverse stock split — shareholders continue to buy and hold in efforts to trigger a short squeeze.

AMC short interest has now begun to increase again after it had significantly dropped following the company’s approved proposals.

On Tuesday, AMC short interest was reported at 11.52% — however, short interest increased to 16.74% on Wednesday, indicating new short positions.

Short squeeze score also rose from 70 to 73 on Wednesday.

According to Ortex, ‘Short Score’ uses a multi-factor model that incorporates multiple short-related metrics, with a higher score indicating that the stock is heavily-shorted and has other characteristics that increase the possibility of a short squeeze occurring.

Will AMC Entertainment have a chance at squeezing again?

As previously mentioned, that will depend on whether investors are able to conjure up massive buying momentum like they did during the ‘meme stock’ frenzy of 2021.

The short interest is coming back up now, which indicates short sellers are certainly there.

Squeezing them out would require price action to move up, but this would require loads of buying pressure.

Related: AMC Stock: The SEC Has Now Violated Threshold Rule

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Market News Today - Analyst Now Says AMC is Safe After Stock Sale.
Market News Today – Analyst Now Says AMC is Safe After Stock Sale.

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AMC Just Raised $325 Million in Brand New Equity

Market News Today - AMC Just Raised $325 Million in Brand New Equity.
Market News Today – AMC Just Raised $325 Million in Brand New Equity.

AMC Entertainment (NYSE:AMC) just raised $325 million in brand new equity according to the company’s latest report.

The company announced late Wednesday that it has completed its previously disclosed at-the-market (“ATM”) equity offering launched on September 6, 2023. AMC raised approximately $325.5 million of new equity capital through the sale of 40 million shares, before commissions and fees, at an average price of approximately $8.14 per share.

“The Company intends to use the net proceeds, if any, from the sale of the Common Stock pursuant to the Equity Distribution Agreement to bolster liquidity, to repay, refinance, redeem or repurchase its existing indebtedness (including expenses, accrued interest and premium, if any) and for general corporate purposes.”

Hedge fund CEO Bruce Richards said his team anticipated AMC Entertainment to raise as much as $8 billion with $1 billion being more probable, though it was far from it.

The company stock is up more than +3% on Thursday and nearly +7% in the past five trading days.

“The completion of this ATM equity offering significantly boosts AMC’s cash reserves, addresses current liquidity concerns, and fortifies the balance sheet.

When coupled with the third quarter to-date 39% surge in industry box office compared to the same period last year and the record-breaking success of the highly anticipated TAYLOR SWIFT THE ERAS TOUR concert film, the proceeds from the ATM equity offering allow AMC to continue along its successful recovery glidepath through changing market dynamics, including the ongoing strikes by writers and actors, and capitalize on opportunities to further strengthen its balance sheet,” said the company.

Commenting on the capital raise, AMC President and CEO Adam Aron said, “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.”

Other Comments From CEO Adam Aron

Market News Today - AMC Just Raised $325 Million in Brand New Equity.
Market News Today – AMC Just Raised $325 Million in Brand New Equity.

“I am delighted to share this extremely important news with all of you.

AMC has successfully raised $325 million of new equity capital through the issuance of 40 million shares via our at-the-market equity raise, which started September 6 and which now has been completed.

This material increase to our cash position means that any talk of immediate and imminent financial collapse right now by AMC is moot.  

We still have many challenges, including Hollywood must resolve the current actors and writers strikes.

But regardless, AMC is now a much stronger company given our increased level of cash.  

Like you, the coming together of AMC common and preferred stock along with the reverse stock split in August decreased both my number of owned and granted-but-unvested AMC shares/units.

So, I currently have an economic interest in more than 800,000 AMC shares now, rather than the more than 8 million AMC shares and APE units previously.   

In turn, that means I personally experienced the great pain felt by all AMC shareholders at the recent decline in our stock price.   

Looking though to our clearly having extended AMC’s viability, it is comforting to know that AMC has strengthened our company by so significantly increasing our cash on hand,” Adam Aron said on Twitter.

Also Read: AMC Short Interest Has Now Begun to Increase Again

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Market News Today - AMC Just Raised $325 Million in Brand New Equity.
Market News Today – AMC Just Raised $325 Million in Brand New Equity.

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AMC Short Interest Has Now Begun to Increase Again

Market News Today - AMC Short Interest Has Now Begun to Increase Again.
Market News Today – AMC Short Interest Has Now Begun to Increase Again.

AMC short interest has now begun to increase again after it had significantly dropped following the company’s approved proposals.

Shares of the movie theatre company have now fallen to a 52-week low despite bullish investor sentiment.

On Tuesday, AMC short interest was reported at 11.52% — however, short interest increased to 16.74% on Wednesday, indicating new short positions.

Short squeeze score also rose from 70 to 73 on Wednesday.

According to Ortex, ‘Short Score’ uses a multi-factor model that incorporates multiple short-related metrics, with a higher score indicating that the stock is heavily-shorted and has other characteristics that increase the possibility of a short squeeze occurring.

AMC’s short score had peaked at 95 back in July prior to AMC’s dilutive proposals.

Will AMC Entertainment have a chance at squeezing again?

Well, that will depend on whether investors are able to conjure up massive buying momentum like they did during the ‘meme stock’ frenzy of 2021.

The short interest is coming back up now, which indicates short sellers are certainly there.

Squeezing them out would require price action to move up, but this would require loads of buying pressure.

Investors are questioning how AMC’s short interest dropped so low without seeing any major price action like in 2021 when shares spiked to all-time highs.

Now many, though not all, are looking at AMC CEO Adam Aron for answers, urging the CEO to look into the possibility of foul play in the market.

Here are the latest developments happening with AMC Entertainment.

Also Read: More Than 50% of AMC Stock is Now Trading Off Exchange This Month

AMC Will Now Raise Cash To Pay Down Debt

Market News Today - AMC Short Interest Has Now Begun to Increase Again.
Market News Today – AMC Short Interest Has Now Begun to Increase Again.

AMC Entertainment announced last week that it has entered a new agreement with Citigroup, Barclays, B Riley Securities, and Goldman Sachs to periodically sell shares.

“The Company intends to use the net proceeds, if any, from the sale of the Common Stock pursuant to the Equity Distribution Agreement to bolster liquidity, to repay, refinance, redeem or repurchase its existing indebtedness (including expenses, accrued interest and premium, if any) and for general corporate purposes.”

AMC will now sell up to 40,000,000 shares to raise money according to the latest SEC filing.

Each Sales Agent will receive compensation of up to 2.5% of the gross sales price of the Common Stock sold through it as a Sales Agent under the Equity Distribution Agreement, and the Company has agreed to reimburse the Sales Agents for certain specified expenses.

The Company has also agreed to provide the Sales Agents with customary indemnification and contribution rights.

The Company is not obligated to sell any Common Stock under the Equity Distribution Agreement and may at any time suspend solicitation and offers under the Equity Distribution Agreement.

The Equity Distribution Agreement may be terminated by the Company at any time by giving written notice to the Sales Agents for any reason or by each Sales Agent at any time, with respect to such Sales Agent only, by giving written notice to the Company for any reason,” says the filing.

“The Company intends to use the net proceeds, if any, from the sale of the Common Stock pursuant to the Equity Distribution Agreement to bolster liquidity, to repay, refinance, redeem or repurchase its existing indebtedness (including expenses, accrued interest and premium, if any) and for general corporate purposes.”

Also Read: Here Is The Latest AMC Stock Price Prediction From Analysts

Is AMC Entertainment Recovering?

AMC Stock News Today - Franknez.com.
AMC Stock News Today – Franknez.com.

The SEC filing comes after AMC announced the upcoming film centered around Taylor Swift’s concert tour, Taylor Swift | The Eras Tour, which earned $26 million dollars in advance ticket sales less than three hours after tickets first went on sale.

“AMC is still recovering from the Covid-19 pandemic which temporarily shuttered most theaters across the country and shifts in the industry with more films going directly to streaming.

However, the movie industry recently saw the fourth largest box office weekend in U.S. history with the blockbuster releases of Barbie and Oppenheimer“, says Forbes.

AMC has not announced a timeline for when this offering could begin.

However, the company said it plans to use the proceeds of the stock sale to pay down its debt.

In recent news, Wedbush upgraded AMC Entertainment from ‘underperform’ to ‘neutral’ with analysts currently looking at a 17.98% upside, Nasdaq reports.

Investor sentiment at the moment remains quite strong, even if shares of the company have fallen.

Fundamentals have now become more important than ever to shareholders, as it seems to be the key to eliminating the Wall Street short thesis.

But I’m curious to know your thoughts – is AMC Entertainment still the play of the decade?

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Market News Today - AMC Short Interest Has Now Begun to Increase Again.
Market News Today – AMC Short Interest Has Now Begun to Increase Again.

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AMC Shareholders Now Look to CEO For Answers

Market News Today - AMC Shareholders Now Look to CEO For Answers.
Market News Today – AMC Shareholders Now Look to CEO For Answers.

AMC Entertainment (NYSE:AMC) shareholders are now looking to the CEO for answers after the company’s stock has fallen more than -43% since its new proposals went into effect.

The movie theatre company, which was up between +20% and +40% earlier this year, has now fallen more than -79% this year-to-date.

At the current price, shares would be worth $0.718 pre-split, putting the company alongside other retail favorites such as Mullen Automotive (NASDAQ:MULN), respectively.

Like many other retail favorites, AMC Entertainment has been a victim of manipulative short selling.

While ‘no’ voters criticize ‘yes’ voters, the approved proposals will now allow AMC Entertainment to raise money by selling up to 40,000,000 shares.

The company announced on Wednesday that it has entered a new agreement with Citigroup, Barclays, B Riley Securities, and Goldman Sachs to periodically sell shares.

“The Company intends to use the net proceeds, if any, from the sale of the Common Stock pursuant to the Equity Distribution Agreement to bolster liquidity, to repay, refinance, redeem or repurchase its existing indebtedness (including expenses, accrued interest and premium, if any) and for general corporate purposes.”

While the company was just thrown a major lifeline from investors (yet again), shareholders have expressed concerns towards the CEOs plans, which has only caused shares to plummet.

Resentment grows as shareholders question the CEOs silence as well as swindling influencers who have been responsible for continuously leading on investors.

On social media, the CEO has focused his attention away from retail investors and doubled down on promoting the company’s latest theatrical developments.

The question lingers — will AMC squeeze?

Also Read: More Than 50% of AMC Stock is Now Trading Off Exchange This Month

What Happened to AMC’s Short Squeeze Post RS?

Market News Today - AMC Shareholders Now Look to CEO For Answers.
Market News Today – AMC Shareholders Now Look to CEO For Answers.

Anonymous influencers on social media have been misleading retail investors for quite some time now, neglecting all signs that could further hurt retail’s pockets.

Their answer to their theories? Another theory..

Investing in AMC Entertainment today is a marvelous way to crowdsource the movie theatre chain, especially if you’re a movie lover.

Is an AMC short squeeze still possible?

It is if investors are willing to replicate the events of 2021 when daily volume was between 700m and 1bn.

Rising share prices created by sheer momentum is what triggered short sellers to close positions in 2021.

They had no option! Price was heavily going against their bets.

However, momentum has come down quite drastically since then with no signs of building buying pressure.

Retail investors were able to create huge demand back then despite heavy off-exchange trading.

Even with 50% off exchange trading on 1bn volume, that’s still 500m in the lit exchange; much better than today’s average volume of 9m with 4.5m in the lit exchange.

🔥 500m > 4.5m.

Financial Times reports that in 2023 so far, AMC short-sellers made a profit of $407m while GameStop short-sellers have lost a little over $80m.

Investors must identify for themselves whether the probabilities of a short squeeze are stronger now more than ever, or whether the probabilities of a short squeeze are weaker now more than ever.

“Is it better to save some of my remaining capital and jump in once I see momentum brewing? Or am I okay letting my investment go to zero in a worst-case scenario?”

In the end, AMC Entertainment is a company and will do whatever it takes to survive before it thrives.

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Market News Today - AMC Shareholders Now Look to CEO For Answers.
Market News Today – AMC Shareholders Now Look to CEO For Answers.

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More Than 50% of AMC Stock is Now Trading Off Exchange This Month

Market News Daily - More Than 50% of AMC Stock is Now Trading Off Exchange This Month.
Market News Daily – More Than 50% of AMC Stock is Now Trading Off Exchange This Month.

The latest dark pool and off exchange data shows that more than 50% of AMC stock is currently trading off exchange this month already.

According to Chart Exchange, AMC Entertainment’s (NYSE:AMC) trading volume in off exchanges is currently between 50% and 59%.

On Tuesday, off exchange volume peaked at 59.47%.

Wednesday saw 56% volume happening outside the lit exchange.

At the time of this publication, AMC stock is trading at $8.21 post reverse split.

Is off exchange trading suppressing AMC’s true demand from retail investors?

The possibility is rather likely.

Gary Gensler announced last year that 90%-95% of retail orders do not go through the lit exchange.

We The Investors asked the SEC Chairman if dark pools suppressed the price of stock and whether retail investors could influence the price of a stock if majority of orders traded in the lit exchange.

While there was no direct answer to the suppression of price, the Chairman says that with so much trading happening off-exchange, he doesn’t think it’s a leveled playing field as “dark pools give institutions an unfair advantage.”

“Retail investors as individuals don’t have the power to move the markets, but retail orders combined could have significant price impact.”

AMC stock is currently down more than -76% this year-to-date and down more than -88% in the past year.

Also Read: AMC Will Now Sell Shares to Raise Money

What Are Dark Pools?

Market News Daily - More Than 50% of AMC Stock is Now Trading Off Exchange This Month.
Market News Daily – More Than 50% of AMC Stock is Now Trading Off Exchange This Month.

Dark pools are privately organized platforms, also known to be an alternative trading system accessible to only institutions.

Dark pool trading, or off-exchange trading has risen substantially since Gary Gensler was appointed Chair of the Securities and Exchange Commission (SEC) in April of 2021 by President Joe Biden.

But SEC Chairman and Commissioner Gary Gensler says payment for order flow is partly the reason why orders aren’t processed on the lit exchange.

He says retail orders go to wholesalers on an order-by-order competition.

Citadel’s Ken Griffin has praised PFOF stating it’s good for retail investors; however, in 2004 Citadel stated payment for order flow “creates conflicts of interest and should be banned, according to an SEC file.

PFOF allows market makers to process retails orders in the ‘dark markets’, or dark pools, per SEC Chairman Gary Gensler.

See, the thing is that the SEC actually has the power to ban dark pool trading.

Why dark pool trading has risen since Gary Gensler took office is something the retail community is trying to comprehend.

When more than 50% of a stock’s trading volume goes to dark pools, the demand is cut by 50%, often times more depending on the trading day.

Half (or more) of retail’s money is not being reflected per the real demand of a security when trading has been rerouted to dark pools.

In other words, dark pools seem to allow institutions to suppress shares from rising based on the true demand of a security.

Then of course there are other means of driving shares down such as through spoofing, naked short selling, and short and distort campaigns.

But I’d love to hear your thoughts on this – leave a comment down below.

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Market News Today - More Than 50% of AMC Stock is Now Trading Off Exchange This Month.
Market News Today – More Than 50% of AMC Stock is Now Trading Off Exchange This Month.

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