The AMC 25 Theatres in Times Square in New York is seen on Tuesday, July 8, 2014. Richard Levine | Corbis News | Getty Images AMC Entertainment on Wednesday warned investors of declines in key metrics during the second quarter, sending its shares down more than 7%. The company blamed last year’s actors and writers … Read more
At a time when the box office is starved for content and audiences seem pickier than ever, Fathom Events is posting record revenue gains. For 20 years, the joint venture between AMC, Regal and Cinemark has been best known for bringing alternative content to the big screen in the form of classic Hollywood titles, live … Read more
A GameStop store operates in a strip mall in Chicago on March 16, 2023. Scott Olson | Getty Images GameStop and AMC logged further gains in premarket trading as the broader meme stock frenzy fizzled early on its third day, with Blackberry shares flat and Koss edging lower. Brick-and-mortar video game retailer GameStop was up … Read more
CNBC’s Jim Cramer said investors should get out of stocks like GameStop and AMC, both of which saw huge rallies this week triggered by social media. “When I see meme stock mania taking over again, led by GameStop and AMC, I need to remind you that this is irrational,” he said. “There’s no way these … Read more
Victor J. Blue | Getty Images News | Getty Images AMC Entertainment raised about $250 million of new equity capital, completing the sale Monday during the revived meme stock craze triggered by the return of “Roaring Kitty.” The movie theater operator sold 72.5 million shares in an at-the-market equity offering that it launched on March … Read more
Traders work as Reddit’s logo is displayed, at the New York Stock Exchange (NYSE) in New York City, U.S., March 21, 2024. Brendan Mcdermid | Reuters Reddit shares popped 7% on Tuesday, climbing for a second straight day after retail traders kicked off a buying frenzy of so-called meme stocks. The stock closed at $62.34, … Read more
A woman walks past the GameStop store inside the Susquehanna Valley Mall in Selinsgrove, Pennsylvania, on Jan. 27, 2021. Photo by Paul Weaver/SOPA Images/LightRocket via Getty Images GameStop and AMC are seeing big buying from mom-and-pop investors, but the purchases pale in comparison to the meme stock explosion seen three years ago. The video game … Read more
Cars drive near an AMC Theatre on March 29, 2023 in New York City. Leonardo Munoz | View Press | Corbis News | Getty Images Can AMC Entertainment capitalize on a second meme craze? The stock, alongside GameStop, surged this week after “Roaring Kitty,” the man who inspired the massive short squeeze of 2021, posted … Read more
Fund manager Cole Smead has described the meme stock craze as “frankly stupid,” as day traders once again pile into GameStop and AMC. “It is gambling,” he said Tuesday on CNBC’s “Street Signs Europe.” Smead is the CEO of Smead Capital Management which has around $6 billion of assets under management. “You’ve got to remember … Read more
A GameStop location on 6th Avenue in New York on March 23, 2021. View Press | Corbis News | Getty Images Shares of GameStop and AMC jumped around 40% in premarket trading on Tuesday, on track to extend gains after “Roaring Kitty,” the man at the center of the meme stock craze, posted online for … Read more
