Market News Today: AMC Entertainment raises $600,000 selling one item.
AMC Entertainment (NYSE:AMC) CEO Adam Aron said the company made $600,000 selling 20,000 Ant-Man popcorn helmets in just one day.
Ant-Man and the Wasp: Quantumnia was pre-released on Thursday February 16th and debuts on February 17 worldwide.
“AMC creativity at work, selling 20,000 Ant-Man popcorn helmets for $600,000 yesterday in just one day,” said Adam Aron on Twitter.
“If we did that EVERY day (which we can’t, not all movies of Ant-Man appeal with families), would be $220 million of annual revenue! More collectibles ahead with future movies.”
“What we saw during the pandemic is a lot of studios experiment with different options releasing films straight to streaming platforms, releasing them simultaneously in theatres and streaming, and what worked the best was releasing straight to theatres,” said B. Riley Securities Senior Analyst Eric Wold.
While the ‘short thesis’ remains strong on Wall Street, things have begun to change fundamentally in 2023.
We’re seeing online streaming platforms are not what experts predicted them to be.
Disney’s Bob Igor made the following statement:
“The streaming business, which I believe is the future and has been growing, is not delivering basically the kind of profitability or bottom line results that the linear business delivered for us over a few decades,” Iger said.
In the interim, Disney hopes to cushion that short fall by continuing to rely on traditional forms of distribution, releasing movies on the big screen, where it recently scored blockbuster successes with “Avatar: The Way of Water” and “Black Panther: Wakanda Forever”.
A Bold Entrance from Amazon Studios
Amazon Studios is now officially contributing to the movie theatre industry in 2023.
Amazon will be releasing its first-ever original movie in theatres globally on April 5th, 2023.
AIR tells the story of the game-changing partnership between Nike and a then-rookie named Michael Jordan.
AIR tells the story of the game-changing partnership between Nike and a then-rookie named Michael Jordan. Stepping into theatres April 5. pic.twitter.com/aNKrQ43tQL
Bitcoin has revolutionized the way we think about money and how we invest it. Kevin O’ Leary himself thinks Bitcoin will beat the S&P500, which earns on average 7-10% annually by an additional 4%.
I frequently get asked what I think about Bitcoin. In all honesty this could be a great place to park some of your money for the remaining of the decade. And I’ll explain why later but first lets go over how to invest in Bitcoin.
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Lets get started!
Is Bitcoin the future?
Let’s face it, anything digital is the future.
The way I look at Bitcoin is that it is gold in digital form.
Why?
Because there’s a limited amount of it and there’s a huge demand for it.
I don’t necessarily view Bitcoin as a means of currency to be used for transacting in the markets.
Bitcoin to me is a means of multiplying your money like any other investment.
The difference with Bitcoin however is that nothing has quite grown like it.
This is what makes this investment, or trade so attractive.
Will Bitcoin go back up?
BTC is showing major signs of a recovery.
Investors should not worry about the selloffs that recently took place.
Hedge funds and other institutions shorting companies at the moment are in hot waters and are in desperate need of capital.
View this market dip as an opportunity to buy at a discount.
The crypto market is undergoing a correction and will reach new levels growth with each passing day.
BTC is recovering quite well.
All the markets are volatile at the moment, long-term investing takes time.
Where can I buy Bitcoin?
Alright community, this is why you’re here.
Before you begin your very first investment in BTC you’ll need to open a brokerage account with a cryptocurrency investment platform.
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.
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.
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.
I want to guide new retail investors in every way I can. I’ve received questions regarding what the information on Stonk-O-Tracker means.
I’m going to break down what all the data is presenting.
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Stonk-O-Tracker AMC
The information at the very beginning of Stonk-O-Tracker is pretty self-explanatory starting out with NYSE.
This is the price closed from the New York Stock Exchange.
This is the stock’s price.
SSR stands for short sale restriction.
The SSR prevents from short sellers from continuously shorting a stock.
The SSR shows the price in which this regulation was triggered.
When SSR triggers it’s usually due to an insane amount of shorting driving the share price of a stock down.
The SSR protects retail investors and activates once a stocks share price falls below 10% from the previous trading day.
Stonk-O-Tracker Calls ITM & Shares Available to Borrow
Stonk o’tracker
What are call options in stocks?
People in on AMC stock either buy the stock or buy call options. Call options are contracts that you can bet on to execute by a specific date.
What makes these contracts attractive is that premiums are cheaper to purchase as they’re usually sold in ‘bundles’.
Investors who buy call options are usually speculating the price of a stock will be significantly higher in the future.
Calls ITM expiring: This is the number of calls expiring on the specific date detailed.
If an investor placed a strike price of $49 dollars by the end of Friday and Friday’s price action is $55 then that call option expires in the money, otherwise known as ITM.
Calls ITM expiring on Stonk-O-Tracker is the number of these contracts expiring on the date detailed.
Calls ITM: Calls ITM refers to the number of call options expiring at a specific dollar amount.
In the reference above it details 21,823 calls are expiring in the money at $50.
Borrowed Shares Available
Borrowed shares available Stonk-O-Tracker – Stonk o’tracker AMC
The borrowed shares refer to the number of shares short sellers have available to short a stock.
This number decreases when a stock is being shorted, or the price is being driven down.
Short sellers can continue to borrow more shares even after they’ve used some or all. However, this comes at a price.
Shorts must pay the fee detailed in the chart.
ETF available Stonk-O-Tracker
An ETF is known as an exchange trade fund. Like an index fund, these types of stocks pool a variety of stock in a bundle.
AMC Entertainment stock is pooled a few ETFs that short sellers can also short.
The ETF available is the number of ETFs hedgies can short.
The option data chart shows a stocks call vs puts. I went over what calls were above.
Puts are the exact opposite. Puts bet on the stock going down instead of up. When puts are executed, the stock is further laddered down.
This chart shows you how many options are in the money and out of the money.
Out of the money are simply contracts made that have yet to be anywhere near the current price range of a stock.
Trading data Stonk-O-Tracker
Trading data – AMC dark pools – AMC stonk o tracker – stonk o’ tracker AMC
The short percentage in the trading data is simply the percentage of the volume that is being shorted.
The dark pool percentage shows the percentage of trading that’s done behind closed doors.
This unknown platform is known as dark pools.
This is where short sellers can get away with additional shorting tactics.
The SEC must look into this as it’s a manipulative way to further short a stock. In this case, AMC and other meme stocks.
Fails-to-Deliver
Fails to deliver AMC – AMC stonk o tracker – stonk o’tracker AMC –
Fails-to-deliver are contracts that did not execute in the pocket.
These are reported by the SEC (securities exchange commission) and are updated once they release that information.
This chart details how many contracts failed to execute and at what closing price they failed.
The SSR trigger info at the very bottom of Stonk-O-Tracker simply reveals the close price at which it stopped going into effect as well as the price SSR was triggered.
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Shares are down approximately -22.66% in the past 5 trading days and -77% in the past year-to-date.
Trading volume remains healthy despite its yearly downtrend.
Majority of companies have been affected drastically by our current bear market, and Tesla shares have been no exception.
Shareholders want to know, when will Tesla stock rise again?
Let’s discuss what is happening with Tesla as a company first and then assess its probabilities.
Here are the latest Tesla news and updates.
Tesla is Currently Headed Towards its Worst Year
Tesla (TSLA) is currently headed towards its worst month, quarter, and year on record.
Investors continued to sell shares on Tuesday as we saw a drop of more than -8%.
But much of Tesla’s drop in production is out of the company’s control.
The latest drop comes after the Wall Street Journal reported that Tesla will continue a week-long production halt at its Shanghai facility, facing a fresh onslaught of Covid cases within its Chinese workforce.
Tesla Stock Price Today | Latest Tesla news and updates.
Tesla shares have fallen over 70% from their record high in November 2021.
The stock is down over 68% in 2022, roughly double the decline in the Nasdaq.
Among major car makers, Ford is down 45% and General Motors has fallen 43%.
Last week, Tesla expanded discounts in North America for buyers of Model 3 and Model Y electric vehicles.
Those discounts came after the automaker offered incentives in mainland China for December auto sales earlier this month.
Elon Musk Sells Tesla Stock
Business News: Elon Musk Sells Tesla Stock.
Elon Musk’s newly acquired company Twitter has been losing money after several companies paused or suspended advertising on the social media platform.
In this SEC filing, we see the Tesla CEO has sold approximately 22 million shares equivalent to around $3.6 billion.
After the massive selloff, Elon said during a Twitter space call that he will not sell any Tesla shares for about two years.
The Tesla CEO said that he foresees a serious recession in 2023 and needed to prepare for a worst-case scenario.
But Elon Musk isn’t the only one predicting a recession going into the new year.
Both Bank of America and Wells Fargo CEOs are predicting a recession to hit the United States by the first quarter of 2023.
Based on these predictions, there’s a strong probability we will not be seeing shares of Tesla rise again until we enter another bull market or see signs of a bear market coming to an end.
But I’m curious to know your thoughts on what is happening with Tesla stock.
Leave your thoughts below.
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