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AMC

AMC is back at the Discount ZoneWhen you go to the movies do you want to sit right up on the screen or back a bit in the middle of the theatre? If you zoom out to the daily chart for AMC, you start to see past patterns. AMC below $4 is and interesting price. From $4 AMC is 50% or 100% away from recent highs. A price below $4 is even farther away from recent highs, percentage wise. Always remember that fundamental news trump technicals every time. So review your news. The technicals show $4 and below as discount prices in the recent past. Who knows what will happen in the future.
NYSE:AMCLong
by PortfolioBuildersClub
AMC’s Stock Surges as Roaring Kitty ReturnsShares of AMC Entertainment Holdings Inc. ( NYSE:AMC ) is up 47.77% amid a meme-stock rally on Monday that also sent shares of GameStop Corp. skyrocketing 81.6%. The rally appears to be driven by the return of Keith Gill, also known as Roaring Kitty, to social media. On Sunday, Gill, whose analysis of GameStop created a national phenomenon in 2021, made his first post on X, formerly Twitter, in three years. The post on X indicated that he is paying attention. NYSE:AMC stock jumped 47% and hit as high as 4.33, volume exploding 23 times its 50-day moving average. The impetus for this surge was fellow 2021 meme stock Gamestop (GME), which soared on news that Roaring Kitty, who gained fame on the WallStreetBets message board of Reddit, is back to actively posting. NYSE:AMC stock struggled in January this year, finishing 1.5% lower to a record low of 4.05 and dropping nearly 34% for the month. In contrast, the S&P 500 added 1.6% in January. In April, shares have jumped more than 1 point, up 37%, and propped back above 4. The daily chart shows a bullish new development after a Falling wedge pattern: NYSE:AMC surged above the 10-week moving average. NYSE:AMC 's stock market value has rebounded back above $1 billion, according to MarketSurge, before sinking again. More than a year ago on Feb. 28, 2023, the stock was valued at $14.9 billion. This story examines fundamental, technical, and fund ownership factors to determine if the Leawood, Kan., company with 900 theaters and 10,000 screens scores a good probability of making money for stock traders. Starting the year 2021 at 2 a share, NYSE:AMC stock skyrocketed 36-fold to an all-time high of 72.62 on June 2, that same year. Then came 2022, a brutal year for meme stocks. AMC stock started that year at 27.20 (before the reverse split) and ended at 4.07, a miserable loss of 85%. Move forward to the summer of 2023, particularly in July that year. NYSE:AMC shareholders had good reason to look forward to another rebound, but a key change in the capitalization of the stock led to a massive decline during August and September. For long-term holders, the news helped lead to a disheartening finish in 2023 in which AMC stock plunged 83% to 6.12. NYSE:AMC posted a fourth-quarter net loss of 54 cents a share on Feb. 28, while sales grew 11% to $1.1 billion, marking the fourth quarter in a row of double-digit increases. Adjusted EBITDA soared 193% to $42.5 million, and the sequel to 2021's "Dune: Part One" action drama and sci-fi epic pocketed $32.2 million in ticket sales through the Friday night leading into its opening weekend. Analysts on consensus see the company posting a net loss of $1.59 a share this year and 67 cents in 2025. AMC posted a full-year adjusted net loss of $6.95 a share in 2022 and lost $1.59 in 2023.
NYSE:AMC
by DEXWireNews
AMC - New cycle initiated? AMC looks like it will go onto a gap-filling rampage over the coming weeks and months. I have highlighted all gaps (red lines) that need to be filled from $3.00 to $37.00. I would expect AMC to get to hit anywhere between $6-9.36 before a reversal back to $3.00 then a new bull run. Long term Trendline : it appears both NYSE:GME and NYSE:AMC have broken their 3-year downtrend and started a new cycle. Volume: Lots of new volume entered today and the first for a couple of years. Confirmation of a reversal. Charts don't look like much, but provides clear targets NYSE:AMC could take out in the neat future.
NYSE:AMCLong
by Bradtheinvestor
AMC Prepares for Q1 Earnings Amidst Hollywood StrikesAMC Entertainment Holdings Inc., ( NYSE:AMC ) the renowned movie theater chain based in Leawood, Kansas, recently preannounced its first-quarter results, providing insights into its financial performance amidst challenging industry conditions. Despite headwinds caused by Hollywood strikes and reduced box office releases, AMC anticipates its Q1 results to exceed analyst estimates, showcasing resilience in a turbulent market environment. Challenges Amidst Hollywood Strikes: The 2023 Hollywood writers and actors strikes have adversely impacted the box office, leading to fewer movie releases and affecting theater chains like $AMC. Despite these challenges, CEO Adam Aron noted that AMC outperformed expectations, exceeding consensus estimates for revenue, adjusted EBITDA, net income, and diluted EPS. The preannouncement revealed expected revenue of $951.4 million and a net loss of $163.5 million, highlighting the company's ability to navigate through difficult market conditions. Financial Outlook and Stock Sale Update: NYSE:AMC anticipates adjusted EBITDA for Q1 to be negative at $31.6 million, reflecting a wider loss compared to the previous year. The company also provided an update on its stock sale activities, revealing the sale of 12.8 million shares and raising gross proceeds of $41.8 million as of April 25. Despite the challenges, NYSE:AMC remains committed to its turnaround efforts and debt repayment obligations. Ebullient Outlook and Forward Guidance: Looking ahead, CEO Adam Aron expressed optimism about the upcoming film slate and expects a strengthening box office performance as the year progresses. While acknowledging the continued impact of Hollywood strikes on Q2 box office revenues, NYSE:AMC remains optimistic about its future prospects. The company's strategic focus on adapting to evolving market dynamics and leveraging its retail investor base underscores its commitment to long-term growth and sustainability. Conclusion: AMC's preannouncement of Q1 results provides valuable insights into its financial performance amidst industry challenges and ongoing turnaround efforts. Despite facing headwinds from Hollywood strikes and reduced box office releases, NYSE:AMC remains resilient, exceeding analyst expectations and showcasing its ability to navigate through turbulent market conditions. As the company prepares to release its first-quarter results on May 8, investors remain vigilant, anticipating further updates on AMC's financial performance and strategic initiatives.
NYSE:AMCLong
by DEXWireNews
1
AMC 's CEO says no to bankruptcy and so it pumps LONGAMC on the 60 minute chart shows an early reversal out of a three week downtrend after two months of a wide ranging price action that was sideways. The more or less takes bankruptcy considerations off the table. In the meanwhile, the streaming services continue to beat down movie theaters. No matter, AMC has new bullish momentum and the trading volumes to support it. The PVT indicator shows the new trend. The TTM Squeeze indicator triggering has relevance. The trend is your friend especially if you befriend it early. You never know, the short squeeze Ape Nation has been hoping maybe just maybe could happen. I will take a long position of shares here and insure them partially with a put option to cover a wide stop loss of 15% given the expected volatility. For the shares, targeting 3.85 with 35%, 5.50 with 25% and the remaining 50% to run with a trailing stop loss.
NYSE:AMCLong
by AwesomeAvani
AMC Stock Surges 10.29%: A Glimmer of Hope Amid TurmoilIn a surprising turn of events, AMC Entertainment Holdings Inc. ( NYSE:AMC ) saw its stock surge by 8.46% on Wednesday early Market trading, marking its 2nd most significant single-day gain since February 6. This unexpected rally comes amidst a period of volatility for the movie theater chain, which has endured a series of record lows and a steep decline of 55.6% in 2024 alone. Despite recent challenges, including speculation about possible bankruptcy, AMC's Chief Executive Adam Aron remains steadfast in his confidence about the company's future. Aron dismissed the notion of Chapter 11 bankruptcy, emphasizing AMC's resilience and strong position prior to the pandemic. Indeed, NYSE:AMC has been actively addressing its debt burden, with measures such as completing an equity offering and filing to sell additional stock. These efforts, coupled with a strategic focus on cash management, reflect AMC's commitment to navigating through turbulent times. Analysts, too, are cautiously optimistic about AMC's prospects. While acknowledging the debt challenges, Benchmark analyst Mike Hickey points to AMC's strengths, including its prominent presence in the Imax market and potential growth opportunities in premium viewing formats. Despite ongoing speculation, Hickey believes that an immediate collapse for NYSE:AMC is unlikely. As the cinema sector prepares for blockbuster releases and the domestic box office shows signs of improvement, AMC's recent stock rally could be a glimmer of hope amidst the uncertainty. As NYSE:AMC continues to navigate through the evolving landscape of the entertainment industry, investors and stakeholders alike are closely watching for signs of recovery and resilience. With each milestone and strategic move, AMC is writing a new chapter in its story, one that reflects resilience, adaptation, and the enduring spirit of cinema. This latest surge in NYSE:AMC 's stock price serves as a reminder of the company's resilience and the potential for brighter days ahead in the world of entertainment. Technical Outlook NYSE:AMC stock surged 10.29% in early Wednesday Market trading marking its highest gains since February 2024. The Relative Strength Index (RSI) rose to 38.90 from a record low of 19.98. The 4-month price chart indicates a morning star pattern further ascertaining to the bullish trend of NYSE:AMC stock.
NYSE:AMCLong
by DEXWireNews
3
Ape's Guide to AMC: Charting the Rise of the Silverback StockJoin me as I break down the wild ride of AMC stock, "Ape’s Guide to AMC: Navigating the Stock Jungle". I’ll walk you through the massive swings from a high of $380 to the current low at $2, and discuss what could be coming next. From the big drop to the dramatic rise, and the steep fall we’re seeing now, I cover it all. I'm also talking about the potential for a stock split in the future and why AMC might be setting up for a massive gain by 2030. Whether you're deep in the stock game or just thinking about jumping in, this video gives you the essentials on AMC’s potential.
NYSE:AMCLong
by DigitalSurfTrading
4
AMC Entertainment's Stock Plummets 16% on Proposed Stock SaleAMC Entertainment ( NYSE:AMC ), the nation's largest theater chain, is facing turbulent times once again as its shares plummet over 16% in response to a proposed stock sale of up to $250 million. The company cites a soft first-quarter box office and increased cash burn as reasons behind the move, leaving investors concerned about the chain's financial stability. The decision to raise capital through stock sales comes amid ongoing challenges for NYSE:AMC , exacerbated by last year's Hollywood strikes and subsequent cash flow disruptions. Despite a slight bounce in premarket trading, AMC's stock remains down significantly, highlighting investor skepticism about the company's ability to weather the storm. The pandemic dealt a severe blow to AMC's financial health, pushing it to the brink of bankruptcy. While its meme stock status provided a temporary reprieve, the underlying debt burden and operational challenges persist. CEO Adam Aron has emphasized the importance of bolstering liquidity to navigate the uncertainties ahead, even as retail investors express concerns about dilution of their stake. The company's recent fourth-quarter numbers offered a glimmer of hope, with improved performance attributed in part to successful film releases like Taylor Swift's The Eras Tour. However, Wall Street analysts remain cautious, citing AMC's significant financial leverage and the looming specter of potential balance sheet restructuring. Moody's Investor Services has underscored the precarious nature of AMC's debt capital structure, warning of the possibility of further distressed exchanges or restructuring. As AMC charts its course forward, investors are left grappling with the uncertain future of the iconic movie theater chain in an ever-evolving entertainment landscape. In the face of mounting challenges, AMC's resilience will be put to the test once again. Whether it can successfully navigate these turbulent waters and emerge stronger on the other side remains to be seen. Stay tuned as NYSE:AMC Entertainment continues to navigate the highs and lows of the movie industry, with investors eagerly watching for signs of stability amidst the storm.
NYSE:AMC
by DEXWireNews
2
WORX - Position taken/ Watching for a short squeeze LONGWORX is shown here on a weekly chart. Basically it has been falling since COVID. Apparently, a Chinese company manufacturing electric landscaping and yard maintenance tools. In the past four days a big move up from 1.40ish to over 3. Looking to the left, it traded at 125 around the time of COVID. The FINRA short indicator had a burst of activity and the relative volume is 20-40X. In the context of things, shorts could have been taking positions dating back as far as four years and may now be buying to liquidate their positions and realize profits. Any rising price action will stimulate more of the same synergized with new buyers stepping in to get a piece of the action. I am now one of them. My targets of 6.8, 8.7 and 11.8 are drawn on the chart from pivots in the past year. The 4H RSI on the dual time frame indicator shows a rise over 50 while the weekly RSI line is chronically low and not yet changing. If the short squeeze takes off, the targets will be met quickly. Hype in trading rooms and social media like Reddit will add fuel to the price action in rising volume. Volumes over 100 million typically cause more interest which helps sustain the volumes. Shorts buying to cover adds more to even more volume.
NASDAQ:WORXLong
by AwesomeAvani
AMC can price rise from the all-time low ? LONGOn this 15 minute chart I see support for upside on AMC now at its all time lows. My target is recent tweezer tops at 4.27 with a stop loss set at 3.93. Any price rise at all will likely start short seller's buying to cover and close to be added to new long buyers supporting a move higher. The dual TF RSI indicator shows a bottom at the all time low and bullish divergence compared with the price action which is sideways for the moment. The Mass Index indicator with a rise then fall over the threshold and trigger levels has signaled a reversal. I will take a long trade of both long shares and a call option. An alternative to hedge is long shares and put options at a ratio of 100:1 with the puts as cheap " insurance". If a short squeeze ( ? moonshot) ensues, the put option will stop out or get crushed to a complete loss of no consequence in the greater overall trade. DISCLAIMER Any long trade from an all-time bottom is extremely risky- only trade cash that you can afford to burn and not feel bad about it.
NYSE:AMCLong
by AwesomeAvani
1
AMC Faces Uphill Battle Amidst Dwindling Box Office & Debt Woes As the curtain falls on another tumultuous year for AMC Entertainment Holdings Inc (NYSE: NYSE:AMC ), investors brace themselves for what could be a defining moment in the company's trajectory. With AMC (NYSE: NYSE:AMC ) stock plummeting to new lows and a bleak outlook for the cinema industry, CEO Adam Aron finds himself navigating treacherous waters filled with debt obligations and shifting consumer preferences. The recent plunge in AMC's stock price, hitting a new 52-week low of $3.63 per share, reflects the harsh reality facing the cinema giant. Despite the optimism surrounding the industry's recovery post-pandemic, AMC's (NYSE: NYSE:AMC ) struggles persist, exacerbated by external factors such as the lingering effects of the 2023 Writers Guild of America strike. The impact of the strike on the 2024 box office cannot be understated. With projections suggesting a staggering decline of at least $1 billion in domestic box office revenue, AMC (NYSE: NYSE:AMC ) and its peers face an uphill battle to reignite consumer interest in traditional moviegoing experiences. The rise of streaming platforms continues to pose a formidable challenge, forcing AMC (NYSE: NYSE:AMC ) to reimagine its business model and adapt to an evolving landscape. One of the key concerns weighing on AMC's (NYSE: NYSE:AMC ) performance is its ballooning debt. The company's aggressive measures to pay down debt, including dilution through share offerings, have left investors wary. AMC's (NYSE: NYSE:AMC ) outstanding shares surged by 29.52% in 2023 alone, reflecting a pattern of dilution that threatens to erode shareholder value over time. The recent $350 million at-the-market offering, coupled with additional share issuances to service debt obligations, underscores the urgency of AMC's (NYSE: NYSE:AMC ) financial predicament. As the company strives to strike a delicate balance between debt reduction and shareholder interests, the path forward remains fraught with uncertainty. Against this backdrop, AMC's upcoming earnings report for the fourth quarter and full year ended December 31, 2023, assumes critical importance. Investors eagerly await insights into the company's performance and strategic initiatives to navigate the challenges ahead. The earnings webcast scheduled for February 28, 2024, offers a platform for stakeholders to gauge AMC's prospects and pose pertinent questions to company executives. Amidst mounting concerns, CEO Adam Aron faces the daunting task of restoring investor confidence and charting a course towards sustainable growth. However, amidst the gloom, there are glimmers of hope for AMC (NYSE: NYSE:AMC ). The company's relentless pursuit of innovation, including initiatives like AMC Theatres Distribution and partnerships with leading artists, demonstrates a commitment to diversifying revenue streams and enhancing the cinema experience. As AMC endeavors to weather the storm, it remains to be seen whether the company can emerge stronger from its current challenges. With the global cinema landscape undergoing seismic shifts, AMC's fate hangs in the balance, with stakeholders eagerly awaiting the next chapter in this unfolding saga.
NYSE:AMCLong
by DEXWireNews
4
Can AMC continue after a good trading day ? LONGAMC on a 30-minute chart is putting in a double bottom. In mid-December, a symmetrical head and shoulders is formed. The right shoulder being higher than the left makes for a diagonal neckline which yields a target in the area of 5 confluent with the level of a high pivot on January 10th. A standard Fibonacci retracement of the Janaury trend down would put a target at about 4.55. The AI predictive tool looking back for similar patterns has printed a buy signal. On this instrument at this time frame, the indicator has a 98% accuracy for win rate. The ADX indicator shows a line cross and a "green" bull trend beginning. Overall, I find AMC to be set for a long trade targeting 4.5 and 4.95 for one-third each with the remaining to run in case a short squeeze gets underway.
NYSE:AMCLong
by AwesomeAvani
Aditya AMC quarterly result tradeAditya Birla Sun Life AMC Ltd the company of the old and prestigious Birla group has posted its best ever quarterly result with highest sales and net profit. The quarterly has profit has increased to 209 crore and its growth is supported by the accelerated growth of whole mutual fund industry. The target price is 700 for about 47% potential gain It is a high potential company because of the following factors- Return on capital employed >30 Debt to equity <0.1 Net profit preceding 12months >500 Net Profit latest quarter >100 Please do your own analysis before investing or trading. Thank you and do like and follow if you like my analysis.
NSE:ABSLAMCLong
by ronak16125
Did AMC Bottom? I know #AMC has been nothing to look at, but sometimes you gotta stick with your gut. The four hour chart looking like a db but the bigger picture is if you zoom out to the daily or the weekly. Price has been sitting on the 4.00 level unable to break lower. Bigger picture price seems to have resest and is siittin on a previous order block. It may be wishful thinking but I think at this price it cant hurt. Long on AMC please comment or boost this idea if you agree
NYSE:AMCLong
by pippin_aint_easy79
10
CALL ME CRAZY but $AMC is about to cycle #bullish $5-7.50 test I have noticed a trend in the recent price action of $AMC. ** We closed 2023 at $6.18** Upon hitting the $4 (4.08) region AMC shows signs of bullish outbreak. When testing 4.08 on 1/17/24 it implused up to test 4.80 almost $5 test in the next 5 trading days following. DON'T LET THE MEDIA FOOL YOU! "MeMe StOcKs ArE dOnE" Waiting on Cramer to diss NYSE:AMC again as another leg on confluence Testing TWICE can possibly confirm a double bottom which is another confluence for a bullish outbreak as bottom has formed. NYSE:AMC has not adhered to typical technical analysis in the past as it is heavily manipulated. This week has some large earning reports in tech sector which can possibly provide EXTRA volume to push NYSE:AMC back above $5. I am entering a 7.55C 2/23 exp at market price of $4.15 #bullish #AMC #breakout #memestock This is simply a thesis and not Financial advice. Please use your own risk management and judgement.
NYSE:AMCLong
by chestephens1