Tag: ape stock (Page 1 of 3)

APE Shares Are Up More Than +94% Year-To-Date

AMC’s Preferred Equity (NYSE:APE) shares soared more than +21% on Monday.

Investors are puzzled by the opposite for AMC Entertainment (NYSE:AMC) shares.

AMC stock fell nearly -10% on Monday despite the company’s positive path to debt elimination.

APE is currently up more than +94% this year-to-date.

Shares began to rise ever since the announcement of APE converting back to common shares of AMC stock.

At the same time, a proposal for a 1-for-10 reverse stock split for AMC shares had surfaced.

But shareholders continue to accumulate shares of AMC’s Preferred Equity despite a strong possibility of a conversion.

APE’s trading volume surged to more than 60 million on Monday, up more than 32 million from its daily average.

Will APE Shares Keep Rising?

APE shares are in an uptrend.

If APE is able to break the $2.43 level, we can expect shares to continue rising and retest $2.65, then $2.80 and eventually $3 per share.

APE Share Price Today - Franknez.com.
APE Share Price Today – Franknez.com.

However, if buyers slow down and sellers begin to take over, we may see rejection at $2.43 and share prices may come back down to $2.17 or lower.

APE’s chart is showing strong bullish sentiment and the possibility of shares continuing to rise is far stronger than the latter.

But I’m curious to know what you think.

Have you been buying APE stock recently?

Leave a comment down below.

Market News Published Daily

For more 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 blog that keeps retail investors informed.

You can also follow me 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.

What is Going on with AMC’s Preferred Equity (APE)?

what is happening with APE stock?
Market News Today: What is happening with APE stock?

AMC’s Preferred Equity (NYSE:APE) is up +50% this year-to-date after coming down more than -70% in the past year.

Talks have surfaced about a possible conversion of APE shares back to AMC Entertainment (NYSE:AMC) common stock.

APE served as a liquidity tool to supply the movie theatre chain with the capital necessary to pay down its debt and raise cash for the business.

In October 2022, AMC reduced its debt load by $106 million and has extended its maturities until the year 2027.

The company capitalized on APE to cut some debt off the top before taking on new debt due in five years from now.

AMC has replaced $506 million due in 2023 with $400 million of new debt due in 2027.

The updated balance sheet is going to ensure the movie theatre chain company is able to grow while it slowly pays off its debt.

AMC Entertainment has reported positive earnings reports since 2021 when shareholders rescued the company from bankruptcy.

Today, it’s about maintaining that momentum to ensure the short thesis eventually changes.

Will APE Shares Go Up?

APE Stock Price Today - Yahoo Finance.
APE Stock Price Today – Yahoo Finance.

AMC’s Preferred Equity (APE) is up 50% this year-to-date.

The equity saw massive buying volume in the beginning of the new year which led to a great head start this year.

This type of buying pressure will continue to drive APE shares up in the future, that is unless majority of shareholders decide not to convert the equity into common shares of AMC stock.

Today, APE is trading around $1.80 and is up +2% in the past five trading days.

The equity had been named one of the most heavily shorted stock by Yahoo Finance in December of 2022, but the short interest has dropped to 5.40% (updated daily).

While there are still short sellers betting against the equity, AMC Entertainment has warned both retail investors of possible and significant losses due to volatility and the possibility of a short squeeze.

Are you holding shares of AMC’s Preferred Equity (APE)?

Leave your thoughts in the comment section of the blog below.

Market News Published Daily

FrankNez News Today – Market News, Business News, + more.
FrankNez News Today – Market News, Business News, + more.

For more 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 blog that keeps retail investors informed.

You can also follow me 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.

Top 7 Stocks Outperforming the Market Already This Year

Stock Market 2023: Top stocks outperforming the SPY.
Stock Market 2023: Top stocks outperforming the SPY.

The SPY is currently up +2.05% in only the first two and a half weeks of the new trading year.

Shares of the S&P 500 index are trading at $388.64 at the time of this publication.

Last year, the index came down more than -10% bringing many companies down -50% to more than -80% on the year.

Today, stocks seem to be doing much better than experts and analysts anticipated.

Despite coming from a bear market, and all signs signaling an upcoming recession, early investors in some stocks are already killing it.

Here are 7 stocks currently outperforming the market already this year.

  1. Biora Therapeutics (NASDAQ:BIOR) +77.45%
  2. AMC Entertainment (NYSE:AMC) +40.46%
  3. AMC Preferred Equity (NYSE:APE) +31.67%
  4. Peloton Interactive (NASDAQ:PTON) +28.57%
  5. Tesla Inc. (NASDAQ:TSLA) +17.64%
  6. Hycroft Mining Holding (NASDAQ:HYMC) +15.98%
  7. GameStop Corp. (NYSE:GME) +10.70%

#1. Biora Therapeutics (BIOR) Stock

Stock Market 2023: Top stocks outperforming the SPY.

Biora Therapeutics (NASDAQ:BIOR), formerly known as Progenity (PROG) stock was up more than +182% in the first week of the new year.

Today, BIOR stock is up more than +77% this year.

The stock surged from $2 per share and peaked around $7.36 last in only the second week of the new year.

BIOR is extremely shorted, we’re talking about the company being one of the most shorted stocks in the market at the moment.

Ortex is reporting the company to have a whopping 243.95% short interest.

Why did BIOR stock surge so much this year already?

Biora Therapeutics is on track to move into clinic with its lead targeted therapeutics program.

If approved, it will be massive for the company and for shareholders alike.

Read More BIOR Stock News Here

#2. AMC Entertainment (AMC) Stock

Stock Market 2023: Top stocks outperforming the SPY.

AMC Entertainment (NYSE:AMC) stock continues to be one of the biggest ‘meme stocks’ even after its massive debut in 2021 when shares rose from $2.50 to $72 later that year.

The stock, at the publication of this article, is trading at $5.52, the same share price it was two years ago before gaining serious traction.

AMC Entertainment continues to improve its fundamentals and remains the #1 leader in the movie theatre industry.

While online streaming has grown to become quite popular, especially during the pandemic, experts are beginning to weigh in on AMC’s side in 2023.

CNBC stated, “Netflix has backtracked on its previous policies, including by introducing an ad-supported subscription option, leading many to wonder whether the company should rethink its resistance to the traditional Hollywood movie release model as it looks for new ways to grow revenue.

Even Amazon associates who asked not to be identified, per Bloomberg News, are stating the company plans to invest $1 billion per year in the movie theatre industry.

The world’s largest online retailer aims to make between 12 and 15 movies annually that will get a theatrical release.

“While a $1 billion annual investment for film development is on the lower end of what major Hollywood studios spend each year, it’s a positive sign for the movie theater business, which has struggled in the wake of the pandemic”, said CNBC.

Read Breaking AMC Stock News Here

#3. AMC Preferred Equity (APE)

AMC Preferred Equity (NYSE:APE) is currently up +31.67% this year-to-date.

The equity made its debut in August of 2022 as a dividend for AMC shareholders.

AMC Entertainment has been able to capitalize on the equity by using funds to pay off debt and raise capital for the company.

Shares have plummeted since its inception; however, we’re seeing APE shares outperform the market too.

Plans to merge APE shares with AMC common stock will soon be up for shareholders to vote on.

Also Read: AMC Warns Short Sellers of Possible APE Short Squeeze

#4. Peloton (PTON) Stock

Peloton Interactive, Inc. (NASDAQ:PTON) is an American exercise equipment and media company based in New York City.

The company’s products are stationary bicycles, treadmills, indoor rowers equipped with Internet-connected touch screens that stream live and on-demand fitness classes through a subscription service.

Company shares are up +28.75% year-to-date.

Peloton recently brought Leslie Berland, Twitter’s former marketing head, as its next chief marketing officer, per Bloomberg news reports.

She previously helped lead American Express for 10 years.

Peloton is trying to shift the tides after a rough 2022, when its stock dropped more than 75%.

The company in November posted wider losses than analysts expected for its first fiscal quarter.

Berland said in an announcement that she is “thrilled” to join the company at this “unique moment in its transformation journey.”

Read More Market News Here

#5. Tesla Inc. (TSLA) Stock

Stock Market 2023: Top stocks outperforming the SPY.
Stock Market 2023: Top stocks outperforming the SPY.

Tesla Inc. (NASDAQ:TSLA) had one of its worst years yet in 2022.

However, the company stock is outperforming the market today already gaining +17.64% in gains this year-to-date.

Tesla CEO Elon Musk sold 22 million shares of the company last year cashing in approximately $3.6 billion earlier in December according to this SEC filing.

After the massive selloff, Elon said during a Twitter space call that he will not sell any Tesla shares for about two years.

Musk said he sees a ‘serious’ recession in 2023 and is preparing for a worst-case scenario.

And although experts are saying a recession is likely to strike the U.S. economy during the first quarter of 2023, the company stock seems to be performing quite well today.

Related: Is Tesla Stock a Buy Right Now or Should You Wait?

#6. Hycroft Mining Holding (HYMC) Stock

Shares of Hycroft Mining (NASDAQ:HYMC) rose 25% earlier this year when the company announced it had discovered more gold and silver than it had anticipated.

Majority of the company is owned by AMC Entertainment.

22% of the company to be exact.

When the movie theatre chain acquired the mining company, headquartered in Nevada, shareholders followed.

Hycroft was able to raise an incredible $195 million in just two weeks after the acquisition.

Today, company shares are up nearly +16% year-to-date.

#7. GameStop Corp. (GME) Stock

GameStop Corp. (NYSE:GME) shares are currently up +10.70% year-to-date.

GME stock continues to be a retail investors favorite despite its popularity coming down since the ‘meme stock’ frenzy of 2021.

Today, shareholders are registering their shares through DRS to prevent short sellers from attacking the company stock.

According to GameStop, approximately 30% of GME’s float is registered with the Direct Registration System (DRS).

This equates to 71.3 million retail shares.

How much of GME’s float is owned by retail investors?

Nearly 70% of the float is owned by individual shareholders according to Vickers Stock Research.

While DRS certainly prevents the company from being shorted, it’s only one piece of the puzzle for a GameStop short squeeze.

Shareholders will need to create massive buying pressure next.

Read More About GameStop and DRS Here

Check out the latest market news for retail investors!

Franknez.com - Business news, Market News, Analysis, + more.
Franknez.com – Business news, Market News, Analysis, + more.

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

Or follow me on TwitterInstagramFacebook, and LinkedIn for daily posts.


Franknez.com

You can now support the blog 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.
    • Members have won FREE merch and AirPods.

Will Shorts Be Forced to Close Positions in APE?

Market News: Here's the latest on AMC and APE stock.
Market News: Here’s the latest on AMC and APE stock | APE short squeeze update.

A new proposal by CEO Adam Aron has been circulating the retail community where shareholders will get to vote on the conversion of APE equity to AMC common shares.

Shareholders are anticipating short sellers will close their positions in APE if the conversion to AMC common shares is approved.

While no official voting proxy has been distributed amongst shareholders, the talks are certainly on the table.

A second proposal will allow shareholders to vote on a 1-for-10 reverse stock split.

So far, more than 72% of shareholders said in a poll they’d vote ‘YES’ for the split.

You can read more about what a reverse stock split signifies for a company here.

Will shorts be forced to close their positions in APE if the conversion is approved?

There’s a very strong probability of that being the case.

Let’s discuss it.

Related: How Big Could an AMC Short Squeeze Potential Surge?

What Happens to Shorted Stock During a Merge?

APE short squeeze news and updates.
APE short squeeze news and updates.

In the case of APE and AMC, the merge between the equity and common shares may temporarily increase the share price of AMC stock.

This is where short sellers are caught in a bind.

Short sellers betting against the company would see big losses during the surge of the newly reflected share price.

Short sellers will have the option to close out their positions completely prior to the conversion or keep holding their position.

While they will not be obligated to close out their positions, they are at higher risk from momentum taking over and further escalating rising share prices.

Here is where shareholders have the opportunity to buy in heavily to keep short sellers from only pushing the price down after the merge.

As short sellers begin to fear the tide turning against them, the buyback of shares will result in a short squeeze.

If shareholders fail to create momentum, then short sellers may identify weakness in buying power and further add to their short positions.

Is an APE Short Squeeze Over?

APE short squeeze news and updates.
APE short squeeze news and updates.

Not quite.

There’s a strong possibility short sellers close their positions in APE prior to a conversion (if approved by shareholders).

In doing so, they avoid seeing share prices rise and the probability of having losing positions during the merge.

APE momentarily became the #1 most short stock according to Yahoo Finance.

In the past week, APE has surged more than 150% with heavy buying volume.

Is it possible this was caused by a few shorts closing?

Perhaps, but an APE short squeeze prior the conversion is still very possible.

Despite so much market uncertainty happening today, both AMC and APE have fair shots at squeeze short sellers from their positions.

So far, this has been one of the biggest catalysts for a short squeeze.

But it’s going to require retail investors to play their part.

Leave your thoughts below

Are you holding AMC and APE?

Leave your thoughts below.

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

Or follow me on Twitter and Instagram for daily posts.


APE Shares Surge +180% in The Past 5 Trading Days

Market News: AMC Preferred Equity (APE) rises.
Market News: AMC Preferred Equity (APE) rises.

APE shares have surged more than 180% in the past 5 trading days.

Volume has been a massive component to helping push the equity on an uptrend.

The question is why APE?

AMC shares are down -16.63% in the past 5 trading days and trading at $4.06.

The unusual occurrence began after CEO Adam Aron announced shareholders would receive the chance to vote on two new proposals.

  1. The conversation of APE equity back to AMC common shares.
  2. And approval of a 1:10 reverse stock split.

Recently, the demand for AMC’s Preferred Equity (APE) has been much higher than that of AMC Entertainment shares.

Are short sellers beginning to close out their positions in APE?

Or is this simply volume from retail?

Let’s discuss it.

APE Short Interest Today

APE’s short interest today is at 8.60%, which is still relatively high, though it’s possible it may have come down.

Yahoo Finance listed APE as the #1 most shorted stock earlier in December.

Now we’re seeing the equity surge more than 180% in the past few days based on volume.

APE shares rose 75% before the Christmas holiday with volume reaching more than 177 million, up 158 million in trading volume from its average of 19.6 million.

On Tuesday, we’re seeing big trading volume come in with more than 55 million in the first hour and a half.

AMC APE Share Price Today.
AMC APE Share Price Today | APE shares surge.

Will APE shares continue to rise?

There seems to be a discrepancy where we’re seeing AMC and APE’s charts mirror each other, but the complete opposite way.

While APE shares rise, AMC shares fall, especially when looking at the past 5-day trading charts.

AMC VS APE.
AMC VS APE | APE shares surge.

It’s hard to say whether what we’re seeing with APE is shorts closing when we look at AMC’s chart directly next to APE.

It’s almost as if value is being extracted from AMC into APE.

And according to a Nasdaq report, only 0.18% of institutions are currently holding APE shares, so where is this volume coming from?

Have you purchased APE shares in the past 5 days?

Leave a comment down below.

What do you think of these two discrepancies between AMC and APE shares?

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

Or follow me on Twitter and Instagram.


APE Shares Rise More Than 75%: Will They Keep Rising?

Market News: Will APE shares keep rising?
Market News: Will APE shares keep rising? APE Stock News + updates.

APE shares rose more than 75% on Thursday.

Volume skyrocketed past 177.6 million, up 158 million in trading volume from its average of 19.6 million.

Shares rose from $0.67 its previous closing day to $1.20.

The equity is currently up 5% after hours.

So, what happened?

And can we expect APE shares to continue rising?

Let’s discuss it.

Join the newsletter to receive weekly updates on your favorite stock tickers, straight to your inbox.

Or follow me on Twitter for daily posts.

The Latest on APE Stock

APE stock (AMC’s Preferred Equity) has been the topic highlight since its inception earlier this summer.

AMC Entertainment was able to raise several million dollars from the equity to pay down its debt.

The price of the equity has since come down drastically as short sellers piled in forcing share prices to a low of $0.65.

APE stock price today
APE stock price today – APE stock news and updates.

And just as the possibility of the equity merging with AMC is announced, APE share surge more than 75% reaching $1.20.

CEO Adam Aron announced on Twitter today that there will be a shareholder vote to convert APE equity to AMC common shares.

He also commented on the possibility of a 1-for-10 reversal stock split for AMC stock.

It’s the biggest news in the AMC community thus far.

So, why did APE shares rise so much today?

And where did so much trading volume come from?

Retail investors are speculating insider buying triggered the massive price surge and heavy volume.

Others are alleging it’s the company’s way of injecting value back into the equity before APE re-merges with AMC common stock.

The truth is, it’s hard to say.

APE was never intended to be a valuable asset for investors, but more so a valuable asset for AMC Entertainment as a company.

Will APE Shares Keep Rising?

If insiders are injecting the equity with value before shareholders vote for the merge of APE and AMC, then it’s very possible the equity may continue to rise.

As of right now, where the immense amount of volume came from is undetermined.

What’s certain is many shareholders weren’t too happy about the creation of APE in the first place as it created unnecessary loss for shareholders.

Here are the CEO’s comments published on Twitter:

“Also, APEs worked exactly as intended to let us raise needed cash, buy back debt, explore M&A. But a huge discount in APE market price vs common stock must be addressed. We’ll hold a shareholder vote. It’s time to convert APE preferred into AMC common to eliminate that discount.”

APE shares have been massively shorted to cents, AMC stock is now trading below $5, a solution has to be addressed.

And so it has.

Adam Aron is proposing a 1-for-10 reversal stock split where shareholders will get left with 1 share of AMC for every 10 shares they hold in exchange for a higher share price.

The idea is to give shareholders the illusion of a higher share price by reducing the number of shares they hold.

The value of an individual’s portfolio would remain the same amount.

However, if an investor holds 10 shares of AMC, they will convert to 1 share.

If an investor holds 100 shares of AMC, after a 1-for-10 reverse split they will hold 10 shares.

All for the sake of making the value of AMC shares appear much higher.

With AMC currently trading around $4.50, a 1-for-10 reverse stock split would mean the stock will then trade at $45 per share.

Leave your thoughts below

I’m curious to hear your thoughts on what’s currently occurring with AMC Entertainment and its APE shares.

How do you feel about the entire situation at hand?

Leave your thoughts below for the community to see.

Related: Adam Aron Address Falling APE Shares


Adam Aron Addresses Falling APE Shares

Market News: AMC CEO Adam Aron addresses falling APE shares in new press release.
Market News: AMC CEO Adam Aron addresses falling APE shares in new press release.

AMC shareholders have been urging CEO Adam Aron to address APE, AMC’s Preferred Equity as shares fall below $1.

APE has taken a nosedive from $7 to the current share price of $0.68.

Retail investors have demanded the CEO to speak out on what’s happening with the share price after bold announcements of a ‘pounce’ earlier this summer.

The CEO has now spoken out on the falling APE share price in a new press release shown below.

Let’s dive right into it.

Join the newsletter to receive weekly market news and updates straight to your email.

Or follow me on Twitter for daily posts.

Adam Aron on APE Share Price

APE Stock Price

In a new press release by AMC Entertainment, the CEO released the following statement:

“Even though the APE units and our common shares are economically equivalent, it is disappointing that the APE units have since inception consistently traded at a significant discount to the AMC common shares.

While the trading prices of the two securities seem to reflect distinct market and trading dynamics, the APEs are serving precisely the purpose originally intended for them.

At a time when one or more of our competitors have been facing potentially devastating liquidity challenges, by contrast during the past 90 days, AMC has been able to raise $162 million of additional cash through the sale of equity thereby improving our own liquidity position markedly.

In addition, AMC reduced debt for the third time this year, including most recently by buying back debt at a substantial 61% discount and is able to contemplate various opportunities to add theatres to our fleet including just having successfully secured for AMC the attractive former Arclight Boston.”

Adam Aron added, “Our outlook for the industry is positive as we expect the box office will be larger in 2023 than in 2022.

Our liquidity position is strong, as we continue to demonstrate our ability to raise cash, thereby strengthening our balance sheet.

We also continue to enhance our footprint by acquiring superb theatres without significant capital outlays while at the same time exiting under-performing locations.

For so many reasons, we believe the future remains bright for AMC.”

APE Continues to Serve Its Original Purpose

Despite Adam Aron’s disappointment in the share price of APE, he says the equity continues to serve its original purpose to provide liquidity to the company.

APE is down -88.67% since its inception with majority of the float being held by retail investors.

Only 0.18% of institutional investors are currently holding the equity according to a Nasdaq report.

There was tension between shareholders whether to sell or hold the security once it became available in the market due to primarily being a liquidity tool for the company rather than an investment for retail investors.

In October, AMC Entertainment released a statement warning both retail investors and short sellers of the possibility of accrued losses through either the possibility of a short squeeze, or company capitalization.

Earlier in December, Yahoo Finance listed APE as the #1 top shorted stock on their list.

Are You Holding APE Shares?

What is your current sentiment on APE?

Will APE shares recover or is too much trading happening in dark exchanges that suppress retail volume from having an impact on share prices?

Leave your thoughts in the comment section down below.

Related: Chairman Gensler Says He Understands Retail’s Frustrations


Swipe and Choose! 👇


Wall Street Has Decimated APE Stock

APE Stock News
Market News: Here’s the latest on AMC’s Preferred Equity, APE.

Retail investors are angry at regulators for allowing Wall Street to decimate APE stock.

While AMC’s Preferred Equity (APE) was intended for the company to capitalize on, banks, institutions, and short sellers have abused shares to the ground.

The equity was meant to provide AMC Entertainment with liquidity in order to pay down their debt.

While AMC was able to reduce their debt by $106 million due to APE, shares have been shorted from $7 all the way down to $0.81.

APE momentarily made Yahoo Finance’s Top List of Most Shorted Stock.

Shareholders questioned how shorting APE was possible in the first place, failing to recognize that APE is a tradable security just like any other stock.

Faceless influencers within the AMC community led many retail investors to believe that shorting AMC’s Preferred Equity was impossible.

And unfortunately, this perception clouded many people from creating a proper investment strategy or embracing for what was to come.

Let’s discuss it.

Join the newsletter to receive market news and updates straight to your email.

Retail Investors Seek to CEO for Answers

AMC and APE shareholders all have one common goal in mind, an AMC short squeeze and an APE short squeeze.

And although many shareholders have been transformed into paying customers, others are looking at AMC CEO Adam Aron for answers.

Loyalists don’t question the CEO and will condemn you for doing so, but if shareholders are still invested in the company, they have every right to yearn for answers.

Adam Aron has successfully maneuvered AMC out of bankruptcy, primarily thanks to its shareholders of course.

He’s utilized Twitter magnificently in a way that no other CEO has ever done so before.

And you can’t help but to admire the business personality in him that can raise cash out of thin air.

Even if it’s from his most loyal followers.

But the CEO has failed to address shareholder concerns on the decimation of APE, or the distribution of APE from Citigroup, who’s been short on the company.

Addressing shareholder concerns is important, whether you agree or not.

Does It Even Matter?

Some of you care about your money, your finances, your investments, and some of you simply don’t.

To some, being part of an embracing community, being known in a community, and embracing the movie theatre industry, but more specifically AMC Entertainment, is more important than monetary gains or financial abundance at this point.

And is that even a bad thing?

You just want to be heard; you want to fight evil in the markets without a care about money.

Or maybe you’re simply in the middle.

Let us know who you are – leave your story down in the comment section below.

You can follow me on Twitter & Instagram.


AMC Entertainment Introduces New Income Stream with Visa Card

AMC Entertainment Visa Card
Business News: AMC Entertainment introduces news Visa Card.

AMC Entertainment just introduced a new income stream through its new AMC Visa card.

Moviegoers will now get a chance to earn rewards points on all AMC Entertainment purchases.

The movie theatre chain currently has a waiting list where the cards will become available in early 2023, according to the official website.

AMC Stubs members who sign up for the waitlist and apply for a card will be entered for a chance to win a trip to attend a red-carpet movie premiere with AMC Theatres CEO Adam Aron.

The strategy aims to increase its revenue by distributing these credit cards amongst avid moviegoers and its most loyal shareholders.

And it looks like many of Adam Aron’s followers on Twitter have already begun to sign up.

If there’s one thing Adam Aron is an expert on, it’s on raising cash for the company.

Here’s the latest market news.

Join the newsletter to receive market news and updates like this straight to your inbox.

AMC Entertainment News Today

AMC Entertainment CEO Adam Aron announced on Twitter today that AMC will now be accepting applications for its new Visa card to be distributed in early 2023.

The company has creatively come up with new ideas since its resurrection in 2021 on how to raise capital to pay down their debt.

In November, the company launched its first-ever online merchandise store, selling t-shirts, hoodies, and other AMC branded items to their customers and shareholders.

AMC Entertainment announced a month prior that it had reduced its debt by $106 million and extended its maturities until the year 2027.

The movie theatre company was able to raise cash by capitalizing on its preferred equity (APE).

APE is another genius way the CEO was able to capitalize from his shareholders.

Even now as AMC shareholders continue to buy APE shares, they’re supplying the company with an income stream of its own through a capital pool.

While APE may not be a shareholder incentive, it certainly is for the company.

Related: Yahoo Lists AMC and GameStop in Mark Cuban’s Portfolio

You can follow me on Twitter & Instagram.


« Older posts

© 2023 Franknez.com

Theme by Anders NorenUp ↑

%d bloggers like this: