nyseamc
AMC Entertainment (NYSE: AMC) stock price is going parabolic this week, as I have long predicted here, here, and here. In another report in February, I argued that it was always darkest before dawn for a beaten-down stock like AMC. Now, it soared by 78% on Monday and is up by another 52% on Tuesday. Why AMC Entertainment is soaringAMC Entertainment is not the only meme stock that is soaring. GameStop (GME) stock price surged by over 74% on Monday and is now up by over 47% in the pre-market session as I predicted last week when I noted that it could jump by 140%. The main reason for the rally i...
Invezz
The AMC (NYSE: AMC) stock price continued its freefall on Thursday after the company issued a weak forward guidance. It plunged by over 6%, bringing the year-to-date losses to over 50%. In the past few years, the company’s market cap has moved from over $10 billion to about $881 million. Results were not as bad as expectedLooking at AMC’s quarterly results, my view is that the company’s results were not as bad as I expected given how tough the box office industry has been lately. Its total revenues dropped from $954.4 million in Q1’23 to $951.4 million in the last quarter. This figure was clos...
Invezz
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