Tag: AMC Stocktwits (Page 1 of 21)

AMC Will Now Sell Shares to Raise Money

Market News Today - AMC Will Now Sell Shares to Raise Money.
Market News Today – AMC Will Now Sell Shares to Raise Money.

AMC Entertainment (NYSE:AMC) will now sell up to 40,000,000 shares to raise money according to the latest SEC filing.

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

AMC stock fell more than -36% on Wednesday on the announcement marking more than -75% in losses this year-to-date.

On social media, shareholders allege crime and market manipulation to be taking place.

“On September 6, 2023, AMC Entertainment Holdings, Inc. entered into an equity distribution agreement with Citigroup Global Markets Inc., Barclays Capital Inc., B. Riley Securities, Inc., and Goldman Sachs & Co. LLC as sales agents (each, a “Sales Agent”, to sell up to 40,000,000 shares of Class A common stock, par value $0.01 per share, of the Company (the “Common Stock”), from time to time, through an “at-the-market” offering program.

Subject to the terms and conditions of the Equity Distribution Agreement, the Sales Agents will use reasonable efforts consistent with their normal trading and sales practices, applicable law and regulations, and the rules of the New York Stock Exchange to sell the Common Stock from time to time based upon the Company’s instructions for the sales, including any price, time or size limits specified by the Company.

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.

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

AMC Will Now Raise Capital By Selling Stock

Market News Today - AMC Will Now Sell Shares to Raise Money.
Market News Today – AMC Will Now Sell Shares to Raise Money.

AMC Entertainment will now be able to raise cash by selling shares from time to time, as the company sees fit.

“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.”

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 is quite strong — what are your thoughts? Leave a comment down below.

Also Read: AMC Stock: The SEC Has Now Violated Threshold Rule

For more market news and updates, opt-in for push notifications, follow me on social media below, or join the popup newsletter.

Market News Published Daily 📰

Market News Today - AMC Will Now Sell Shares to Raise Money.
Market News Today – AMC Will Now Sell Shares to Raise Money.

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.


AMC Stock: The SEC Has Now Violated Threshold Rule

Market News Daily – AMC Stock: The SEC Has Now Violated Threshold Rule

The SEC has now violated the 13-day Threshold Securities List rule for AMC Entertainment (NYSE:AMC) which states that a broker-dealer must immediately close out all fail-to-deliver positions by purchasing shares in the open market.

As of Friday, September 1st, AMC has now been on the threshold list for 50 consecutive days and pricing has not reflected indication of strong purchasing in the past weeks.

“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.

AMC Entertainment FTDs surged big in the end of June according to the latest report by Stocksera.

By June 30th, the number of fails-to-deliver that day surpassed more than 12.9 million, equivalent to more than $57 million.

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

And in July, FTDs saw as much as $60 million, or 14.1 million FTDs in one single day.

AMC FTDs New Report - 2023.
AMC FTDs New Report – 2023.

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.

Related: Will APE Now Trigger an AMC Short Squeeze Soon?

Is Anything Being Done About AMC’s High FTD Rate?

Market News Daily – AMC Stock: The SEC Has Now Violated Threshold Rule

In April, AMC CEO Adam Aron announced that the company had contacted both FINRA and the NYSE to look closely at the trading of their stock primarily due to the high number of FTDs.

“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.”

In August, the CEO released the following update:

“Many of you are incensed by the high number of “Fail to Deliver” AMC shares, and that AMC again has been on the Threshold List for multiple weeks. We repeatedly have gone to the NYSE and FINRA, and did so again in July, to put and keep this entire situation on their radar,” said the CEO on FTDs this month.

The high reportings of FTDs in AMC Entertainment stock suggest an unnatural occurrence of events that all point towards some sort of discrepancy, manipulation or not.

The CEO has said in the past that he has not seen any signs of synthetic shares, with reason too since AMC’s lenders, who are also short on the stock, have complicated binding agreements with the CEO.

In the meantime, we’re seeing companies such as Hycroft Mining, Mullen Automotive, Genius Group, and Meta Materials investigating what they believe to be an attack on their company stock via naked short selling.

Some investors wonder if AMC Entertainment is already investigating these possibilities behind-the-scenes.

But I’m curious to know what you think. Leave your thoughts in the comment section of the blog down below. Share this article to raise awareness.

Also Read: Wedbush Now Upgrades AMC From Underperform to Neutral

Market News Published Daily 📰

Market News Today - AMC Stock: The SEC Has Now Violated Threshold Rule
Market News Today – AMC Stock: The SEC Has Now Violated Threshold Rule

Join the newsletter ⬅️ to receive daily stock market news, business news and updates straight to your inbox; more than 10,000 readers have joined!

THANK YOU to all of our blog sponsors, this year we’ve been able to increase our email sends and signup slots as well as introduce push notifications.

Franknez.com is the media site that keeps retail investors informed.

You can also follow Frank Nez 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.


Here Is The Latest AMC Stock Price Prediction From Analysts

Market News Today - Here Is The latest AMC Stock Price Prediction From Analysts.
Market News Today – Here Is The latest AMC Stock Price Prediction From Analysts.

Here is the latest AMC stock price prediction from analysts for the month of September, 2023 report.

TipRanks reports that 6 Wall Street analysts have offered 12 month price targets for AMC Entertainment (NYSE:AMC) in the last 3 months.

The average price target is $18.50 with a high forecast of $45.00 and a low forecast of $5.00.

The average price target represents a +41.22% increase from the last price of $13.10 (Sept.1).

AMC Stock Price Prediction from Analysts.
AMC Stock Price Prediction from Analysts.

“Next quarter’s sales forecast for AMC is $1.16B with a range of $1.05B to $1.29B. The previous quarter’s sales results were $1.35B.

AMC beat its sales estimates 100.00% of the time in past 12 months, while its overall industry beat sales estimates 62.84% of the time in the same period.

In the last calendar year AMC has Outperformed its overall industry.”

CoinPriceForecast is also reporting an AMC stock price prediction for 2023 and several years ahead.

“According to the latest long-term forecast, AMC price will hit $35 by the end of 2023 and then $40 by the middle of 2024. AMC will rise to $65 within the year of 2025, $95 in 2026, $125 in 2027, $150 in 2028, $250 in 2029 and $300 in 2034,” its stock analysis reports.

In July, Coincodex reported it predicts AMC shares to rise to $400 by 2030, a +9,000% increase from where the movie theatre stock was trading at that time.

Today, Coincodex predicts shares to reach as high as $1,199.80 per share.

AMC Entertainment Stock Price Prediction - Coincodex.
AMC Entertainment Stock Price Prediction – Coincodex.

The AMC Entertainment Holdings stock prediction for 2025 is currently $ 47.62, assuming that AMC Entertainment Holdings shares will continue growing at the average yearly rate as they did in the last 10 years.

This would represent a 263.52% increase in the AMC stock price.

In 2030, the AMC Entertainment Holdings stock will reach $ 1,199.80 if it maintains its current 10-year average growth rate.

If this AMC Entertainment Holdings stock prediction for 2030 materializes, AMC stock will grow 9,058.81% from its current price.”

Also Read: Here is The Latest 2023 AMC Short Seller Report

AMC Entertainment Sentiment: Bullish

According to Coincodex, the sentiment for AMC Entertainment based on their technical analysis is ‘bullish’.

Market News Today – Here Is The latest AMC Stock Price Prediction From Analysts.

“Based on data from September 04, 2023 at 10:43, the general AMC stock forecast sentiment is bullish, with 24 technical analysis indicators signaling bullish signals, and 2 signaling bearish signals.

The AMC Entertainment Holdings stock forecast for tomorrow is $ 12.86, which would represent a -1.80% loss compared to the current price. In the next week, the price of AMC is expected to decrease by -2.70% and hit $ 12.75.

As far as the long-term AMC Entertainment Holdings stock forecast is concerned, here’s what our predictions are currently suggesting. These predictions are based on the 10-year average growth of AMC.

  • AMC Entertainment Holdings stock prediction for 1 year from now: $ 24.27 (85.29%)
  • AMC Entertainment Holdings stock forecast for 2025: $ 47.62 (263.52%)
  • AMC Entertainment Holdings stock prediction for 2030: $ 1,199.80 (9,058.81%)

What are your thoughts on the latest AMC stock price prediction from analysts?

Are you bearish or bullish on the movie theatre stock?

Leave your thoughts in the comment section down below.

For more market news and updates, opt-in for push notifications, follow me on social media below, or join the newsletter today.

Also Read: Goldman Sachs Gives AMC a New Price Target of $175

Market News Published Daily 📰

Market News Today - Here Is The latest AMC Stock Price Prediction From Analysts.
Market News Today – Here Is The latest AMC Stock Price Prediction From Analysts.

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.


New Report: AMC Cost to Borrow Surges Up to 1000%

Market News Daily - AMC Cost to Borrow Skyrockets to 1,000%.
Market News Daily – AMC Cost to Borrow Skyrockets to 1000%.

AMC Entertainment (NYSE:AMC) stock has reached a max cost to borrow of more than 1,000% (1.04k%), per Ortex data.

The last time AMC’s CTB surged past 1,000% was back in April and early July.

AMC’s cost to borrow average is currently reported at 974.83%, respectively.

The cost to borrow, per Ortex, is the annualized percent of interest on loans, typically borrowed by brokers and hedge funds.

This percentage figure may change on a daily basis and level out through its ‘cost to borrow average’.

According to the Securities Lending Agreement (SLA), this fee must be charged prior to the stock being borrowed.

Short sellers rely on brokers to have stock shares available to borrow. 

Stocks on the hard-to-borrow list may not be short-sellable or have higher stock loan fees, hence why we’re seeing AMC’s cost to borrow at 1,000%.

AMC Entertainment is in high demand, both for short sellers and long investors.

But with fees this high, is it really worth shorting the movie theatre company?

AMC Entertainment stock is currently down -4.58% this year-to-date.

Here are the latest developments happening with AMC Entertainment today.

[stock_market_widget type=”chart” template=”basic” color=”#5679FF” assets=”AMC” range=”1mo” interval=”1d” axes=”true” cursor=”true” range_selector=”true” display_currency_symbol=”true” api=”yf”]

AMC Shareholders Have Now Saved The Movie Theatre Company Again

Market News Daily - AMC Cost to Borrow Skyrockets to 1000%.
Market News Daily – AMC Cost to Borrow Skyrockets to 1000%.

AMC shareholders have now saved the movie theatre company again after two major proposals were finally passed following an exhausting lawsuit.

A reverse stock split and conversion of APE shares to common stock will now go into effect later this August.

AMC’s 1-for-10 reverse stock split will go into effect on Thursday, August 24.

The conversion of APE shares into AMC common stock will occur the following day, Friday August 25.

The litigation settlement will then take place on Monday, August 28.

CEO Adam Aron says these dilutive proposals will help AMC Entertainment raise plenty of cash to survive another catastrophic event.

“AMC must be in a position to raise equity capital. I repeat, to protect AMC’s shareholder value over the long term, we MUST be able to raise equity capital.

That is especially the case now with the added uncertainty caused by the writers and actors strikes, which could delay the release of movies currently scheduled for 2024 and 2025.

If we are unable to raise equity capital, the risk materially increases of AMC conceivably running out of cash in 2024 or 2025, or of AMC being unable to satisfactorily refinance and stretch out the maturity of some of our debt (which is required of us beginning as early as 2024.)

The risk of financial collapse is not whimsical. Cineworld/Regal, the second largest movie theatre chain in the world, fell into bankruptcy and their equity holders were essentially wiped out. Bed, Bath and Beyond which was viewed as the third most watched meme stock, also fell into bankruptcy and their equity holders also were essentially wiped out.

Fortunately, at AMC, we have been much smarter, much more agile and much more skillful. We have risen to every Covid challenge heretofore, and I have every confidence in our continued ability to successfully navigate through these complicated times,” Adam Aron said in a July letter.

Also Read: AMC Is Now Hit With a New Class Action Lawsuit

Why Does AMC Stock Keep Getting Shorted?

AMC cost to borrow 1000% news.

AMC Entertainment continues to be a strong target by Wall Street, but why?

Movie theatres are no longer dead, and AMC Entertainment is no longer on the brink of going bankrupt.

Giants Amazon and Apple are now investing billions of dollars in the movie theatre industry, which is going to bring more movie titles to cinemas across the country including industry leader AMC Entertainment.

Today, AMC’s short interest is high at 28.48%.

AMC’s cost to borrow has surged as high as 1,000% — showing there is a scarcity of shares to borrow and a high demand to short the stock.

CEO Adam Aron has stated that the only thing the company needs to enter profitability again is more movie titles, and they’re coming.

So why does Wall Street continue to overleverage themselves and fight the movie theatre chain?

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

Also Read: Everything You Need to Know About an AMC Short Squeeze

Market News Published Daily

Market News Daily - AMC Cost to Borrow Skyrockets to 1000%.
Market News Today – AMC’s Cost to Borrow Skyrockets to 1,000%.

For stock market, business news and updates, join the newsletter to receive weekly market news and notifications straight to your inbox.

Franknez.com is the media site that keeps retail investors informed.

You can also follow Frank Nez on TwitterInstagramFacebook, or LinkedIn for daily posts.


Franknez.com

You can now read exclusive FrankNez articles 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.


« Older posts

© 2023 Franknez.com

Theme by Anders NorenUp ↑