Tag: AMC Theatres

AMC Nears High Demand Levels: What to Watch For

AMC Bullish
Market News: AMC TA indicates bullish momentum is near

AMC Entertainment stock is nearing a major demand level as share prices continue to decline.

The stock closed at $8.58 on Thursday after hitting a low of $8.30 on the intraday chart.

Volume on Thursday fell below the average of 46.3 million by 20.9 million.

But AMC is treading a fine line as the high $8 and low $9 levels have proven in the past to be a strong support for the stock.

Breaking below $8 could send the price to test a high demand level around $6.50 per share.

In this article I’m going to explain what shareholders should look out for in the next coming weeks.

Let’s get started!

Momentum levels are on the brink of reversing

If you’ve watched one of the latest videos on my channel regarding the TTM Squeeze indicator, then you know all about the massive impact this indicator is signaling.

Watch this quick clip on YouTube – Subscribe for more content and updates.

The TTM squeeze indicator is an indicator that signals heavy buying or selling momentum.

When AMC began to run up before ultimately hitting its all-time high of $72 per share, we see this indicator was already predicting heavy bullish momentum.

TTM Squeeze indicator - AMC Stock
TTM Squeeze indicator – AMC stock

The TTM Squeeze indicator is the chart at the very bottom whereas the top is AMC’s price action.

Dark green shrinking candles indicate the stock is on the brink of losing momentum and often times serves as a sell indicator.

We see that as the dark green momentum candles shrunk, AMC’s price action is followed by a massive crash.

Now let’s take a look at what happened when the TTM Squeeze indicator switched from bullish momentum to bearish momentum.

As the indicator transitioned from bullish momentum and began to show signs of bearish momentum, we can see AMC had a drastic drop in share price.

The TTM Squeeze indicator predicts big moves ahead.

A new transition is in play

So where is AMC today?

AMC is actually in a period where bearish momentum has begun to die out, leaving room for buyers to takeover.

It makes sense as AMC’s share price is hovering just above key levels of support, which have also been known as high demand levels.

Below you’ll see the TTM Squeeze indicator shows bearish momentum has completely gone out on the weekly timeframe.

The transition from red to green momentum candles will signify big moves lie ahead for AMC Entertainment stock.

But we’ll need one or two of these weekly timeframe momentum candles to serve as confirmations.

If these candles break through, then it’s a clear indication AMC is on track for some massive price action.

Related: How to Invest in the Stock Market for Beginners

What’s on the other side of the coin?

If AMC fails to establish this momentum through buying pressure, short sellers will be able to take over once again.

AMC’s share price would further plunge, and that would be an article for another time.

But for now, the transition towards bullish momentum seems much more likely.

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Is AMC’s Comeback Just the Beginning?

AMC makes a strong comeback
Market News: AMC makes a strong comeback

AMC Entertainment closed at $24.81 on Tuesday after trading volume surpassed its average volume of 46 million by 25.5 million.

The movie theatre chain peaked around $26 per share before retesting the $24 and $25 levels intraday.

Shareholders are anticipating even larger price action after AMC’s dividend is distributed.

Is this just the beginning for AMC Entertainment?

Is a much more aggressive share price on the way?

Let’s discuss it.

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Apes get amped for APE

APE stock is on its way.

Every AMC shareholder is going to receive an equivalent amount of ‘AMC Preferred Equity’, aka APE, for every AMC share they hold.

The initiative is part of the company’s strategy which will allow them to raise capital and pay off some debt.

The value of AMC’s share price will be split in half with APE, but shareholders are determined strong buying pressure will send both stocks to the moon.

Investors will have until Friday the 19th to lock the deal and should see the new security in their broker accounts by Monday the 22nd.

The AMC community is certain many people won’t receive the dividend due to the vast amount of naked shorting that has occurred in AMC stock.

Many have contacted their brokers to ensure they will indeed be receiving the dividend on the promised date.

Failure to deliver the dividend would mean big trouble for financial institutions and more than likely a share recall, annihilating short sellers and likely triggering a short squeeze.

While the theory is not far-fetched and actually quite logical, brokers should be able to meet the demand.

Only a few days left until time may tell.

Momentum is building

Last year AMC Entertainment stock hit an all-time high of $72 per share and shareholders are confident the share price will surpass this amount this year.

Today we’re seeing AMC climb back out of the hole it was dragged to when the markets began to drastically pull back.

AMC is showing strong bullish sentiment again which explains why its volume has been exceeding its daily average.

The movie theatre stock will have to break its yearly downtrend above the $27-$28 levels if it’s to go berserk again.

Fortunately, it’s very possible.

But momentum is key.

It was momentum that pushed AMC stock from $2 per share to $20 per share in January of 2021 and it was momentum that also pushed the stock from $14 per share to $72 per share in June of last year.

The stock is currently respecting the mid-$20 levels which shows heavy interest in the movie theatre chain.

Will retail investors be successful in taking AMC to the next level?

I certainly think so.

But it won’t be easy as institutions continue to borrow millions of shares to short the stock.

The suppression is still there which means the momentum will have to be much greater.

Is this the beginning of the end for AMC?

Retail investors rushed to buy AMC stock in January of 2021 to squeeze short sellers and make a lot of money, similar to what occurred with GameStop at the time.

AMC had a high short interest and still does to this date, making it possible to still squeeze short sellers in 2022.

So, say retail investors manage to squeeze shorts and profit from a new all-time high.

Will this be the end for AMC?

I don’t think so.

Not in the way some might think.

See, AMC Entertainment is still a growing company whose improved their fundamentals for almost two years straight.

The century old movie theatre chain has introduced NFT collectibles, shareholder incentives, and movie theatre exclusives and innovations.

Whether AMC goes through another massive price runup, a short squeeze, or MOASS, it’s always going to be that legendary ‘meme stock’ company that kicked Wall Street’s ass.

AMC won’t ever be over, because the community won’t be over.

I’d love to hear your thoughts – leave a comment at the bottom section of the blog.

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Investors Bulk Up on AMC Stock Before Dividend

AMC stock
Market News: AMC volume surges as investors wait for APE stock dividend

Investors are bulking up on AMC stock prior to the new stock dividend.

The big volume has caused AMC Entertainment stock to rise 18.86% on Friday and more than 15% on Monday.

A new $APE stock was announced during Thursday’s Q2 earnings call, part of a dividend AMC Entertainment will be distributing to shareholders later this month.

This ‘AMC Preferred Equity’, or APE, will be available to all AMC shareholders by the 19th of August.

Investors should see the new ticker on their broker accounts the following trading day.

But why is this new $APE stock a big deal?

That’s what we’re here to discuss.

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

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AMC’s volume surges

AMC’s trading volume has more than doubled surpassing 100 million both on Friday and Monday.

This strong demand for the stock has also caused the stock to trade significantly higher.

AMC closed at $22.18 on Friday and traded around $25.50 per share majority of Monday’s trading day, even reaching $26 per share.

The stock is up more than +56% on the 5-day trading chart and more than +61% on the monthly.

The high volume in the recent days suggests retail investors are going in the offense to make the most out of this upcoming APE stock dividend.

How many APE will AMC shareholders receive?

AMC shareholders will receive one APE share for every AMC share they hold.

(Ex. 1,000 share of AMC = 1,000 additional shares of APE stock)

Shareholders will be able to trade APE stock based on supply and demand meaning the security will indeed hold value.

The value shareholders will be receiving in the next few weeks is unlike anything else in the market.

APE stock IPO

AMC Ape stock

Although APE stock is merely a dividend from an already publicly traded company (AMC Entertainment), the structure could almost be seen as an IPO due to its introduction to the market.

This means that like an IPO, we could expect APE stock to surge in price during its first few days to weeks in the market.

The sheer volume on its own could create a massive surge similar to what we witnessed with HKD stock, especially if institutions buy in heavily.

Perhaps it’s not the exact magnitude we saw with HKD stock, but something similar with enough buying power and demand for the stock.

Here, shareholders will be able to maximize profits from APE stock and AMC stock, if AMC has not already squeezed short sellers.

There will be money to be made for early adopters.

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Related: HKD Stock Squeezes from $13.54 to More Than $2.5k

Will AMC Entertainment Stock Reach a New ATH This Year?

AMC ATH
Does AMC Entertainment stock have the potential to reach a new ATH?

AMC Entertainment stock was the most searched for stock in 2021 due to it reaching an ATH (all-time high) of $72 per share.

Prior to the climb, retail investors were discovering the data that pointed to that surge on this very blog.

And if you got in late and are holding unrealized losses, you might have heard that AMC stock is not done running.

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Let’s dive right into it!

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$14 to $72 per share

If you read my article “Are You Holding Significant Losses in AMC Stock?” yesterday, you know I briefly touched topic on this.

AMC was only around $14 per share when it began to run up to its current all-time high of $72 per share.

AMC Entertainment stock is currently trading around $15, a support level we’ve seen for quite some time now.

It’s possible AMC has found a new bottom in the $14-$15 range, up $10 from its floor of $5 in 2021 after the stock ran up to $20 per share in January then $72 in May.

AMC raised new levels of support last year and it’s very possible we get to see this same trend as the markets shift away from the current bearish sentiment.

If the movie theatre chain company has set a higher floor, does this mean AMC will reach a new ATH during its next bull run?

And if so, how high can the stock go?

Let me give you a scenario.

AMC stock prediction 2022/2023

Although the biggest CEOs in America don’t think this bear market will linger, we don’t know exactly how long this bear market will last.

For this reason, I’m including the year 2023 into the equation, though like you, would like to see this happen this year.

We know AMC is not done running primarily due to its high short interest percentage of 19%.

AMC had a SI of 20% when it reached an ATH of $72 per share at the starting run of $5.

How can this history help us identify AMC’s next possible ATH?

We can look at the gap between the previous bottom, and today’s possible bottom of $14-$15.

The difference from $5 to let’s say $15 is 3x the previous price.

Could we then say the price potential of another AMC ATH will be 3x that from the previous all-time high?

That would mean another major price runup could take AMC to an ATH of approximately $216 per share.

Now, keep in mind this only calculating a small percentage of short covering.

When AMC ran from $5 to $14 and then eventually peaked at $72, AMC’s short interest dropped only 6%, from 20% to 14%.

Is it possible AMC’s share price goes even higher?

This will highly depend on how many shorts begin to close out their short positions.

The reason early shareholders didn’t take profits at $72 per share is because of how much more potential AMC had to run – based on how much short interest was still available at the time.

Since then, the short interest has risen from 14% to the current 19% and has even topped 20%.

What does this tell us?

Despite the prices we see in the market today, AMC has yet another all-time high price to unlock.

How will we know when AMC has completely squeezed shorts from their positions?

Let me tell you this – the $200+ price range will only be from a few shorts closing their positions, again based on previous patterns (not financial advice).

We will have to keep an eye out on the short interest percentage as AMC’s share price begins to climb again.

For example: if AMC reaches $500 per share but its short interest is anywhere between 10%-11%, then you know there’s still room for growth.

Holding the stock at this level will depend on an investors level of risk of course.

Take this information with a grain of salt

The examples and hypothesis explained in this article regarding where AMC’s stock price can go are my opinions and thoughts only.

I look at the evidence, history, patterns, and factual data first before creating possible scenarios of where AMC can go during another epic uptrend.

If I hold the stock, it’s because I look at the data.

I don’t take synthetics into account because regulators aren’t holding anyone accountable for them yet.

I feel it’s best to strategize without them – remember, if synthetics are closed that’s just a massive bonus.

Will AMC Entertainment stock reach a new ATH this year?

I think AMC will reach a new ATH when the markets are no longer bearish.

No matter where you think AMC will top off, one thing is certain – it’s going to runup eventually.

Strategize and have a plan to make a lot of money.

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Read: An Excellent AMC Exit Strategy Guide: Short Squeeze

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‘The Batman’ on Track for A $120 Million Weekend

The Batman on track for a $120 million weekend
The Batman movie earnings

‘The Batman’ secured $21.6 million in Thursday previews alone.

The film received an 85% on Rotten Tomatoes and 90% audience score.

AMC’s CEO said in Q4 earnings call that more than 60 million guests attended the movies in Q4 of 2021 alone.

He anticipates double the attendance this new year.

‘The Batman’ began its domestic box-office run on Friday earning $57 million in total with pre-release earnings.

The film is on track for a $120+ million weekend.

franknez.com

Welcome to Franknez.com – who said movie theatres were dead? Today we’re going over ‘The Batman’ earnings and where movie theatres compete in the online streaming world.

Let’s dive right into it!

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‘The Batman’ now playing

‘The Batman’ starring Robert Pattinson

People are calling Robert Pattinson the best Batman so far.

If you watched ‘The Batman’ I’d love to hear your take in the comment section below.

The film was distributed worldwide in movie theatres on Friday March 4th.

So far ‘The Batman’ has had a killer start in the box office.

Here are some earnings reports worldwide:

  1. UK: $6.4 million
  2. Spain: $1.2 million
  3. Mexico: $5.2 million
  4. Brazil: $4.6 million
  5. France: $4.4 million
  6. Australia: $4 million

The film’s estimated $120 million-$130 million opening is the sixth-highest for March, behind Beauty and the Beast ($174.7 million), Batman v. Superman ($166 million), Captain Marvel ($153.4 million), The Hunger Games ($152.5 million) and Alice in Wonderland ($116.1 million), via. Collider.

Movie theatres are thriving

Movie theatres are thriving
People are flooding movie theatres despite the ongoing pandemic

Movie theatres are thriving yet once again despite the ongoing pandemic.

People’s need for a sense of normalcy is being met by high profile movie titles on the big screen, something you cannot replicate with online streaming.

Though online streaming has become quite popular due to the pandemic, more people have proven the desire to get out again.

Restaurants, movie theatres, and shopping centers are all packed today.

More people are beginning to feel things are getting back to normal with mask mandates being lifted in some areas of the country too.

While online streaming is here to stay, so are the movie theatres.

The theatrical experience is hard to follow

AMC Theatres 'The Batman'
‘The Batman’ now playing in AMC theatres

Films like ‘The Batman’ and ‘Spider-Man No Way Home’ make the theatrical experience a hard act to follow.

Especially when comparing it to online streaming at home.

The movie industry is booming again, and the numbers say it all.

‘Spider-Man No Way Home’ is on track to make more than $800 million to-date, currently at $786 million.

‘The Batman’ is anticipated to continue generating millions leading up to next weekend.

While the finance world continues to criticize the survival of the movie theatre industry, it’s safe to say cinemas aren’t leaving.

What’s your take on the movie theatre industry?

Let’s start a discussion below.

Related: Is AMC a good stock to buy?

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CEO Strengthens AMC Theatres by Acquiring Cinemark Cinema Lease

AMC Theatres Acquires Cinemark
Market News: AMC Theatres Acquires Cinemark Cinema Lease in Chicago area

AMC Theatres is reopening Cinemark’s former lease as AMC Evanston 12 in Chicago.

AMC Entertainment showed much strength after it announced it was refinancing its debt and bringing former Frito-Lay executive Ellen Copaken on board.

Now the country’s largest theatre chain is expanding its acquisition strategy to further strengthen the company.

How will this affect AMC’s shareholders?

franknez.com

Welcome to Franknez.com – AMC Theatres continues to flex. I’m going to go over what’s happening today and what it means for the investor.

Let’s dive right into it!

AMC Acquires Cinemark Lease

AMC Acquires Cinemark Cinema
AMC Acquires Cinemark Cinema Lease

Originally operating as Century 12 Evanston, the theatre is reopening later this year as AMC Evanston 12 in Evanston, IL.

AMC theatres reached an agreement with GW Properties to take over and reopen AMC Evanston 12 in the Chicago area.

Plans include reviving the 12 screens on the north side of the theater and repurposing the other six screens as an entertainment, fitness or recreational venue, such as rock climbing according to Mitch Goltz, the developer.

Earlier, AMC reached separate lease agreements with property developer Unibail-Rodamco-Westfield to take on the leases of two more former Arclight cinemas in San Diego and the Washington, D.C. area.

In December, AMC announced that it was taking over the leases of two theaters in Los Angeles and Chicago previously operated by Pacific Theatres and ArcLight Cinemas.

Other acquisitions: The Grove and Americana Theatres

AMC Theatres announced it would acquire the famous Grove and Americana theatres in Los Angeles last summer.

That acquisition announcement was one of the first strong fundamental moves we saw AMC Theatres take.

Now AMC is taking over Cinemark leases to dominate in its sector.

The city of Evanston, IL is excited to get their movie theatre back, calling it a trophy asset.

The developer estimates renovations will be ready by the first quarter of 2022.

What does this mean for shareholders?

AMC Stock Price Chart
AMC Stock Price Chart

Recently we’ve seen AMC Entertainment stock begin to surge again.

AMC theatres was up more than 20% the second week of February.

The movie theatre stock was up +9.75% on Tuesday February 15th.

I anticipate AMC stock will continue to surge in the coming weeks as the company gets ready to announce 2021’s Q4 earnings call.

Related: What can we expect from AMC’s next earnings call?

Before you go…

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What To Look Out for At AMC’s First Rose Parade [Insider]

AMC Rose Parade
AMC Rose Parade

AMC’s first ever Rose Parade float will take place on January 1st, 2022 in Pasadena, CA.

The Rose Parade is an iconic New Year’s Day tradition and AMC has a special spot in it.

Not only is this AMC’s first year participating in the event but here are some special things happening that day.

franknez.com

Welcome to Franknez.com – here’s what to look out for at AMC’s first Rose Parade on New Year’s Day.

Let’s get started!

Did Someone Say Gorilla?

If you’re attending the Rose Parade for AMC’s first ever float, you’ll have to keep an eye out for the gorilla!

A gorilla???

Yes!

In fact, this gorilla is going to be handing out free AMC gift cards in honor of the ape movement.

And while the gorilla is not part of AMC’s coordinated event, you might know wearer as Kat Stryker on Twitter.

She’s the one that said “up yours” to Kenny Griff-Griff when he almost sued the flying banner company used to promote the AMC movement.

Isn’t this community great?

Speaking of planes…

We Own The Float Plane Banner

AMC Plane Banner

Keep an eye out for the plane flying by with a banner reading “AMC We ♥ The Stock Retail Owns The Float”.

While the flyby is not part of AMC’s actual float, it’s coordinated by Kat to elevate AMC’s presence and to support the community.

What do you think about the text?

I think it’s perfect for the occasion if you ask me.

I plan to stop by the event and immerse myself in what I believe is a celebration to be a part of.

If you’re in Cali you should stop by to hang out with a ton of apes showing up.

Special Guest Appearance at The AMC Rose Parade

I can’t say $#^%!

Other than the name of this special guest rhymes with “trains-trains”.

I’ve said too much.

Come show AMC some support!

AMC Rose Parade
AMC Rose Parade

Above are the requirements for entry.

You can buy your tickets for $20 here.

These general admission tickets are for the 1PM-4PM entry where people will be able to see the floats after the parade.

Hope to see you there!

franknez.com

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Why You Shouldn’t Worry About Adam Aron Selling AMC Shares

AMC CEO Adam Aron sells shares
AMC CEO Adam Aron Sells Shares

AMC stock has been steadily stumbling and retail investors holding the stock are wondering why in the world Adam Aron is selling his AMC shares.

If you’ve been following the market news for quite some time now, you’ll know that Adam Aron advised about this many months ago.

In fact, he mentioned it twice this year.

Retail investors shouldn’t worry however, and I’m going to explain why.

Welcome to Franknez.com – today we’re discussing why Adam Aron is selling off AMC stock since there seems to be some concerns regarding this.

Let’s get started!

Adam Aron Sells Shares to Diversify Portfolio

According to Adam Aron, selling AMC shares has been a long-term plan he’s had to diversify his portfolio for estate planning.

The CEO had been transparent with his shareholders earlier this year regarding cashing profits in increments later this year.

He claims that at 67, it would be wise to diversify his portfolio.

Which makes sense given he has not sold one single share of AMC stock in the 6 years he’s run the movie theatre chain.

In this SEC filing you can see Adam sold 625,000 shares at $40.52 per share.

Not every ape in the community is on board with the CEOs decision, and I get that 100%.

However, it’s important to remember that retail investors own majority of the float, even if the stock is temporarily on sale.

AMC CEO Hedges Against Tax Bracket

Another reason Adam Aron sold a chunk of his AMC shares was to avoid a heavy tax bracket.

By selling AMC stock, the CEO was able to pivot and strategize against extremely high taxes.

Adam Aron has a unique standpoint.

One I personally think the community should not directly compare themselves to.

AMC CEO Adam Aron Sells Shares
AMC CEO sells stock

Adam Aron is expected to receive more shares as company incentives going into the new year.

It’s not yet clear whether he plans on selling more AMC stock in 2022.

However, he has expressed that he still holds well over 2 million AMC shares and believes in AMC.

The media seems to be trying to portray Adam Aron rather negatively for selling his shares, something he anticipated in the Q3 earnings call.

Should Retail Investors Be Worried?

While there’s some sentiment of FUD arising from this news, I don’t think retail investors should worry when it boils down to a short squeeze play.

AMC’s current share price is an opportunity for shorts to cover and for retail investors to add to their positions.

AMC’s short interest is close to 19%.

This short interest percentage is extremely high according to Kiplinger.

Overall, the strategy to buy and hold to squeeze shorts from their short positions does not change.

Adam Aron’s move to sell AMC shares is equivalent to a whale cashing in profits on the way up.

Yes, it affects AMC’s current share price, but as long as retail investors don’t dump their stock, a short squeeze play is very well alive.

What Are Your Thoughts on Adam Aron Selling His AMC Shares?

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

Do you feel like Adam selling his shares was anti-ape or do you support his right to do so?

Do his actions influence your thoughts on the community, short squeeze play, or position in AMC?

Let the community know below.

And lastly, subscribe to the blog for more market news and other articles like this.

You can also connect with me on social media below.

Till the next one!

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