Tag: AMC Theatres

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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$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.

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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?

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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?

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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.

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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!

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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.

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Till the next one!

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