Tag: Finance New

Did AMC Stock Just Bottom Out?

Has AMC stock hit the bottom? Market news, stock updates + more.
Has AMC stock hit the bottom? Market news, stock updates + more.

AMC stock surged to $4.92 closing up +21.18% on Wednesday.

No major catalyst moved the stock, though trading volume did exceed almost twice its average volume of 26 million.

The movie theatre chain stock demonstrated strong bullish price action today, did AMC stock just bottom out?

Analysts at TipRanks gave AMC Entertainment stock a price forecast of $4.50 at its highest on a 12-month period but AMC blew those estimates fairly quickly.

The stock is having a bounce after it’s hit the $3.80 levels for the past few weeks.

Technical analysis shows us a break above $4.96 will take AMC stock up to retest $5.30.

#AMCSTRONG and #AMCtothemoon are trending on Twitter as shareholders rejoice from the bullish price action.

Will the movie theatre chain company be able to maintain this momentum?

Let’s discuss it.

Why is AMC Stock Going Up?

Why is AMC stock going up? Stock news, stock updates + more.
Why is AMC stock going up? Stock news, stock updates + more.

It’s very likely AMC has bottomed out and is beginning to bounce back up.

All this means is we’ve identified a key level of resistance for the movie theatre stock around $3.80-$4.00 levels.

There’s another strong demand zone around $5-$6 levels, the same ones we saw in 2021 before massive buying pressure took share prices up to $9 then $14 per share.

Analysts fail to familiarize themselves with the events, catalysts, and community that was able to drive big volume into AMC stock.

AMC stock was never meant to be a fundamental trade for the majority of retail investors, another key point that analysts fail to recognize.

Massive buying volume and the closing of short positions is all a stock needs to skyrocket to unprecedented numbers.

Of course, short interest must be high enough to fuel additional buying power.

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AMC Stock At A Glance

Out of nearly 4,000 market participants, 93% said they are or will still be holding AMC Entertainment stock in 2023.

Majority of shareholders might be down significantly, but investors continue to buy company shares that are heavily shorted.

How many retail investors are still holding AMC stock in 2023?
How many retail investors are still holding AMC stock in 2023?

AMC’s current short interest is now at 22%, per Fintel.

Heavy buying pressure took AMC’s share price from $5 to $9 and then to $14 before getting out of hand for short sellers.

Around the same time, AMC’s short interest was also at 22%.

As share prices rose to $72 per share, we saw AMC’s short interest deflate to 14% before slowly climbing back up again.

Is history about to repeat itself?

The recipe for a short squeeze is certainly there.

But investors must be warned to never invest more than they’re willing to lose.

And while shareholders are anticipating a new all-time high during the next run, it’s also important to consider creating a ‘take profit’ exit strategy.

Seeing massive gains and then letting those profits turn into losses is a hard pill to swallow for most investors.

Always have a plan.

Related: How to Buy AMC Stock (2023 Guide)

Is Now the Time to Buy AMC Stock Again?

Stock Market News by Franknez.com | Is now the time to buy AMC stock again?
Stock Market News by Franknez.com | Is AMC ready to bounce?

All signs are pointing out to an AMC bottom and shareholders aren’t leaving.

If we continue to see a bounce continuation, it could signify the movie theatre stock is making way for the next leg up.

Value investors could take advantage of any major price action that may come of it in the short term.

Otherwise, holding out for a potentially large short squeeze could prove to be rewarding in the long run.

But I’m curious to know what you think.

Is AMC on the verge of squeezing short sellers from their positions soon?

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

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Everything You Need to Know About AMC Uber Eats Partnership

AMC Uber Eats
Market News: AMC partners with Uber Eats

Article Published by “The Rival”.

Posted on his official twitter account, AMC CEO Adam Aron tweets, “Yet another promise kept. We now partner with Uber Eats. A pilot test to deliver movie theatre treats, especially AMC perfectly popcorn, to the home.”

This is a big stepping stone for the AMC apes as it gives the stock more momentum and its needed push.

Now, this is going live in AMC theatres located in Chicago and Kansas theatres only for the meantime.

As Adam Aron mentioned, this is a pilot test aka a test run if you will.

If it works and revenue is steady and increasing, then we can expect this to be implemented across every AMC theatre in the US.

Related: How to Invest in The Stock Market for Beginners

Two growing companies collaborate

AMC Uber Eats Partnership
AMC Uber Eats partnership | AMC Uber Eats News

The revenue brought in by Uber Eats annually in 2020 was 4.8 billion dollars and at the end of 2021 was up to 8.3 billion which means it was up 73% in earnings since then according to AppsthatDeliver.

As of Q1 earnings in 2022, the Uber Eats revenue is up 44% at 2.5 million dollars.

AMCs revenue from 2021 was up to 2.53 billion dollars marking it as a 103% increase in revenue which amounted to 46.2% of the revenue from 2019 since the COVID-19 outbreak as seen here.

AMC has been bouncing back despite its competition with streaming services and as we know, the AMC apes are all diamond hands.

The AMC revenue continues to go through the roof and a lot of that is in thanks to the recent movies that have come out in theatres with the likes of Thor Love and Thunder, Top Gun, and the new Minions movie.

The weekend that Thor had come out had been the busiest weekend for AMC theatres gaining up to about 5.9 million people in attendance that very weekend.

Adam Aron, AMC Chairman and CEO commented:

“We are just thrilled beyond thrilled that this weekend approximately more than 5.9 million people were guests at AMC movie theatres in the United States and internationally, making it our highest attended and highest grossing weekend of 2022 so far. We are even more excited that the weekend admissions revenue realized at AMC and Odeon was approximately double that of the same weekend last year, and 12% higher than the same weekend of 2019, before the pandemic.”

Again, this was AMC’s biggest weekend yet and with more awaited films coming out, we can expect AMCs revenue to grow and expand making its stock rise as well.

Related: AMC Dominates With Powerful Q1 Results: Highlights

The latest on Uber Eats

AMC Uber Eats Partnership
AMC Uber Eats Partnership: UBER Technologies Stock

The Uber Eats stock, Uber Technologies Inc, had risen greatly since the COVID outbreak while people were social distancing and staying home ordering food from the app.

With this partnership between the two we can see that both these stocks and company will shoot up in price as both do exceptionally well on their own.

Currently, Uber Eats ranks at number 3 as a food delivery app and with the app now selling the delicious AMC popcorn, we see that it can move up as well.

Uber Eats is also widely known to have partnered up with Postmates through an acquisition.

This gave Uber Eats an 8% increase in shares via investors.

This made it easier for those ordering through Postmates to order their food and vice versa since it was possible to link both apps together when ordering.

The combination brought about an even larger and efficient merchant along with delivery network.

We can expect the AMC and Uber Eats collaboration to spread across the United States if the project is a success.

Article Published by “The Rival”.

Related: 5 Reason Why You Shouldn't Ignore AMC Stock

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Elon Musk Now Has the Largest Twitter Shareholder Position

Elon Musk Twitter
Elon Musk Twitter Stake – TWTR stock is up more than 27% after Elon Musk buys Twitter

TWTR stock surged more than 27% on Monday after Elon Musk took a 9.2% stake in the social media giant.

The news comes after the SpaceX CEO published a poll on Twitter asking the world if they thought Twitter adheres to the principle of free speech.

29.6% of participants said yes while 70.40% said no.

He then stated, “the consequences of this poll will be important. Please vote carefully.”


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Elon Musk beats Vanguard as the largest holder

TWTR Stock Chart
TWTR Stock Chart – Elon Musk buys Twitter

Twitter stock rose more than 27% on Monday after the Elon Musk Twitter news began circulating the platform.

The stock jumped up as high as $50 per share.

Elon Musk now has the number one spot in the top ownership list of TWTR stock.

And clearly the power to move markets.

This Schedule 13G filing shows Elon purchased more than 73.4 million shares of Twitter, putting him on top of Vanguard, Morgan Stanley, and BlackRock.

Elon Musk’s stake in Twitter is worth roughly $2.89 billion, based on Friday’s market close.

Elon Musk Twitter

Elon has been very outspoken about short selling in the market, the incompetency of the SEC, and on social media censorship.

It comes as no surprised that he’s taken it upon himself to essentially buy Twitter to have some sort of leverage on how the platform is used.

I don’t think there could have been anyone better on this planet to have this much ownership of the social media giant.

I’m curious to know what you think.

The issue with social media censorship

Twitter Censorship
Twitter Censorship

This could be an entire article on its own but I’m briefly going to touch on it.

Censorship on social media has taken away the user’s freedom of speech.

The ‘ape’ community got #KenGriffinLied trending before Twitter censored it to only ‘Ken Griffin’ is trending.

This is just one example of how Twitter has censored a real concern for retail investors in the past.

Other examples of social media censorship have occurred on Facebook when more real-world injustices have been exposed.

The Guardian’s ‘Pandora Papers’ was published on Facebook and removed from the social media giant that same day.

That same day I published an article on Bank of America shorting AMC Entertainment stock, which was removed that day Facebook shut down for hours.

Both these articles were going viral until Facebook shut everyone down from using the platform and removed the content.

Elon Musk is one of the biggest personalities on Twitter and is an advocate for freedom of speech on social media.

What do you think will happen as one of the richest and most influential men on earth holds the biggest stake in Twitter?

Leave a comment below.

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