Tag: ape stock (Page 2 of 9)

44% Say They Hold More APE Than AMC Shares

FrankNez AMC Updates Today | Market News + more.
FrankNez AMC Updates Today | Market News + more.

43.8% of market participants said they hold more AMC Preferred Equity (NYSE:APE) over AMC Entertainment Inc. (NYSE:AMC) common shares.

Shareholders were given 1 APE for every 1 AMC share they held, but investors say they are now holding more of AMC’s equity than common shares.

APE has allowed the company to raise capital from shareholders since it couldn’t issue more common shares based on voting rights.

The equity is down -56% since its debut but has skyrocketed nearly +140% in 2023.

Those in favor of APE see an opportunity to squeeze short sellers attacking the equity.

However, other shareholders say there should have been a vote on the dividend as it created further losses for shareholders.

23.7% of market participants said they hold more AMC shares than they do APE, which means these investors either continued to purchase more AMC shares after the dividend or have sold some APE shares to manage their losses.

32.5% of market participants said they hold an equal amount of both AMC and APE shares, suggesting they have neither bought or sold or may have purchased the same amount equally.

How many AMC shareholders are still buying?

AMC stock news today – Market news, business news + more.

Out of more than 1,000 market participants, 67.5% said they have accumulated more AMC or APE shares as of January of 2023.

Although it’s fair to mention the percentage of AMC shareholders still buying in 2023 could be higher.

Market participants who said they hold an equal amount of both AMC and APE shares could have purchased more of each security equally this new year, although that statistic is unaccounted for.

AMC Entertainment stock is up nearly +40% this year-to-date, a big win for fresh investors holding both stocks in 2023.

What does this case study show us?

AMC stock is known for its incredible +3,000% gains in 2021.

Shareholders continue to hold and buy the stock to recreate the events that took AMC to a record all-time high.

Since the inception of APE, we’ve seen AMC’s volume fall twice its average daily trading volume.

AMC Entertainment had an average intraday volume of 66 million prior to APE, currently at 31 million.

APE has an average daily trading volume of 32 million, which shows us how the creation of the equity has spread the value of investors’ portfolios thin, and the momentum.

AMC’s pipeline has been divided in half with its equity APE, limiting the total trading volume that goes into squeezing short sellers betting against AMC common shares.

In 2021, there was full force in volume going into AMC Entertainment in efforts to trigger a short squeeze.

Volume has now been divided with the introduction of APE.

CEO Adam Aron said shareholders will be able to vote on converting APE back into AMC common shares, several months after the company was able to successfully capitalize on its strategy.

Related: 5 Big Signs Pointing to An AMC Short Squeeze

Leave your thoughts on AMC below

Shareholders, leave your thoughts on AMC below.

The rise of the movie industry looks positive.

Fundamentally, there are many great developments happening within the industry itself and the forecast looks positive.

What are your thoughts on converting APE back to AMC, do you support it?

Leave your thoughts below.

Market News Published Daily

Market News Today - APE stock news, AMC stock news.
Market News Today – APE stock news, AMC stock news.

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.


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AMC CFO Sean Goodman Cashes in $230K of APE

AMC CFO Sells APE
Market News Today: AMC CFO Sean Goodman Sells APE shares.

AMC Entertainment (NYSE:AMC) CFO Sean Goodman cashed in approximately $230K of AMC’s Preferred Equity (NYSE:APE) shares on Thursday according to an SEC filing.

Fintel reports the CFO sold roughly 171,431 shares of AMC Entertainment in 2022 taking home a tidy $3,384,701.

In 2021, Sean Goodman made approximately $7,067,369 when he sold a total of 220,425 AMC shares between March and December.

Today, the CFO holds only 4,420 shares of APE.

There are now shareholders who hold more APE shares than AMC Entertainment’s own CFO.

Shares of APE have risen by more than 150% in 2023 and more than 54% for common shares of AMC stock.

The equity closed at $3.01 on Friday despite the selloff.

The conversion of APE to AMC stock remains in the air; here’s the latest APE stock news.

What happened to APE?

Stock Market News Today - AMC CFO Sells APE shares.
Stock Market News Today – AMC CFO Sells APE shares.

APE shares have fallen from their high (inception) of $10.50 to a low of $0.65.

The equity was heavily attacked by short sellers, momentarily making it on Yahoo’s top list of most shorted stocks in the market.

The purpose of APE was to utilize shareholder’s cash to pay down debt, which AMC accomplished to do in September selling 425 million shares, a month after listing.

AMC Entertainment delivered the following statement that same month:

“Under the circumstances, we caution you against investing in our AMC Preferred Equity Units, unless you are prepared to incur the risk of losing all or a substantial portion of your investment,” said an official statement from AMC Entertainment.

However, the company also warned short sellers of a potential APE short squeeze, resulting in severe losses for those betting against the security.

Retail investors are now waiting for this short squeeze to recoup losses and possibly profit from any type of massive price surge.

Fortunately, the CFO’s sale of APE shares didn’t impact the equity’s price this past week.

In fact, bullish sentiment amongst retailers remains intact.

Discussion ⬅️

Knowing what’s occurred with APE shares today, would you have done anything differently?

An investor reached out asking what I made of an article by Bloomberg of why APE was created in the first place, published on the 1st of February.

To which I answered, “It’s in line with what I said before APE was created (layman’s terms)”, an article published in August mind you.

APE was never intended to be an investment vehicle for shareholders, it was always meant to be a liquidity pool for the company.

Many didn’t like that I said this, but it was the truth, and the company claimed it many times too.

But many shareholders, and probably not even you, but many did follow blindly to the hype influential accounts were making up.

Hey, it sounds nice I get it.

Just be aware of what content you’re consuming.

APE shares are up +150% year-to-date

If you never owned APE and you purchased shares during the first week of January for the first time, you’re killing it – but that’s a very small percentage of you, if any.

APE Stock Price Today.
APE Stock Price Today.

It’s time retail investors stop handing their money away and start capitalizing on opportunities when they present themselves.

Some of you have capitalized on AMC a few times over, some of you have even capitalized on Hycroft.

Majority of you have been in profit, made a decision not to take profits, and then let those gains turn into losses.

I’ve been there.

Stop listening to people making up narratives.

Instead, stay tuned to where the money is going, position yourself, and take profits when you’re in profit.

Profitable Case Studies / Probabilities

  1. You purchased AMC in Feb 2021 (same time I began writing about it) when it was trading around $5-$6 per share and sold with profit at some point later that year.
  2. Profiting from Bitcoin when I said buy at $29K (June 2021), jumps to all-time high of $66K, doubling your investment.
  3. You saw my newsletter on SHIB back in October 2021 during the weekend; the cryptocurrency goes to a record all-time high that next week.
  4. Capitalizing on HYMC when I said it could be a good short-term trade (March 2022).
  5. Getting in on LUNA when I called unusual whale activity in September 2022; the crypto ripped that same week.
  6. I called MULN at $0.32 per share on January 4th, 2023, the stock has surged to $0.44 since the publication of the company’s latest developments (not financial advice), but analysts and shareholders expect it to continue rising.

These are all very real case studies I’ve done that have provided many opportunities to many of my readers.

7th on the list was a complete bust, September 2021: SPRT stock.

6 out of 7 case studies have put retail investors in profit at some point.

Of course, we don’t always cash out when we should have; that’s ultimately on us.

So, could you really blame AMC CFO Sean Goodman for getting the bag?

Some will look at it objectively and think ‘opportunity’, others may look at it as insiders taking advantage of something shareholders built.

But I’m curious to hear your thoughts on the CFO selling APE.

Leave a comment below.

Market News Published Daily

Market News Today - AMC CFO sells APE shares.
Market News Today – AMC CFO sells APE shares.

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.


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Top 5 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 +9.44% entering the second month of the year.

Shares of the S&P 500 index are trading at $416.78 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.

Short sellers are currently down $81 billion this year-to-date.

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

Here are 5 stocks currently outperforming the market already this year.

  1. Biora Therapeutics (NASDAQ:BIOR) +73.62%
  2. AMC Entertainment (NYSE:AMC) +54.71%
  3. AMC Preferred Equity (NYSE:APE) +135.83%
  4. Peloton Interactive (NASDAQ:PTON) +109.11%
  5. Tesla Inc. (NASDAQ:TSLA) +74.16%

#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 +73% 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 $6.08, 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.

#3. AMC Preferred Equity (APE)

AMC Preferred Equity (NYSE:APE) is currently up +135.83% 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 +109.11% 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 +74.16% 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?

Honorable mentions

#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 +10.31% year-to-date.

#7. GameStop Corp. (GME) Stock

GameStop Corp. (NYSE:GME) shares are currently up +31.98% 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.

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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.
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