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2024-05-14

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AMC Stock Had the Best Day in Years. Welcome Back to the Meme-Stock Era. -- Barrons.com

A Monday rally in shares of the meme-stock favorite GameStop also lifted the theater chain AMC Entertainment Holdings. AMC stock closed up 78% at $5.19 on Monday, the highest close since the $5.29 closing price on Jan. 8, and the largest percentage increase since June 2, 2021, when shares rose 95%, according to Dow Jones Market Data.AMC not only snapped a five-day losing streak, but its preliminary trading volume of 476.3 million shares is the highest amount on record.People betting against the stock have taken a beating, just as they did in the meme-stock trading frenzy during the pandemic. The estimated paper loss for the day for AMC shorts was $127 million, according to the data analytics company S3 Partners.Before Monday, shorts were up by $102 million in the stock, but with the latest surge in the price, it is now a losing short trade for 2024 by about $25 million. S3 Partners said AMC short interest is currently 55.9 million shares, or 19% of the float. So far this year, short in

AMC Stock Had the Best Day in Years. Welcome Back to the Meme-Stock Era. -- Barrons.com

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Welcome Back to the Meme-Stock Era. -- Barrons.com","url":"https://stock-news.laohu8.com/highlight/detail?id=2435990588","media":"Dow Jones","summary":"A Monday rally in shares of the meme-stock favorite GameStop also lifted the theater chain AMC Entertainment Holdings. AMC stock closed up 78% at $5.19 on Monday, the highest close since the $5.29 closing price on Jan. 8, and the largest percentage increase since June 2, 2021, when shares rose 95%, according to Dow Jones Market Data.AMC not only snapped a five-day losing streak, but its preliminary trading volume of 476.3 million shares is the highest amount on record.People betting against the stock have taken a beating, just as they did in the meme-stock trading frenzy during the pandemic. 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AMC stock closed up 78% at $5.19 on Monday, the highest close since the $5.29 closing price on Jan. 8, and the largest percentage increase since June 2, 2021, when shares rose 95%, according to Dow Jones Market Data. \n</p>\n<p>\n     AMC not only snapped a five-day losing streak, but its preliminary trading volume of 476.3 million shares is the highest amount on record. \n</p>\n<p>\n     People betting against the stock have taken a beating, just as they did in the meme-stock trading frenzy during the pandemic. The estimated paper loss for the day for AMC shorts was $127 million, according to the data analytics company S3 Partners. \n</p>\n<p>\n     Before Monday, shorts were up by $102 million in the stock, but with the latest surge in the price, it is now a losing short trade for 2024 by about $25 million. S3 Partners said AMC short interest is currently 55.9 million shares, or 19% of the float. So far this year, short interest has climbed 140%, or 32.6 million shares. \n</p>\n<p>\n     That reversal is reminiscent of the meme-stock era, when buying by retail investors triggered share-price gains in a number of companies that led to losses for traders who had bet that the prices would fall. GameStop is the best-known example. \n</p>\n<p>\n     AMC said when it reported its first-quarter earnings last week that it is still suffering from last year's actors' and writers' strikes, which have meant fewer films reached the market. Management said it expects second-quarter box-office ticket sales to remain below last year's record second quarter. \n</p>\n<p>\n     AMC also has a heavy burden of debt, with significant obligations due in 2026, and is looking for ways to manage it. \n</p>\n<p>\n     \"We  remain  optimistic  that  AMC will successfully  navigate  its current  challenges,  supported  by  a  resilient  management team dedicated  to  finding  creative  solutions  for  their  debt  issues,\" Benchmark analyst Mike Hickey wrote in a research note on Thursday. \n</p>\n<p>\n     Although North American box office revenue fell 6% because of the strikes, \"AMC  successfully  maintained  its  revenue  levels  close  to the previous  year,  increased  its  domestic  market  share,  and enhanced  per patron profitability metrics  well  above  pre-pandemic levels,\" in part because of efforts to contain costs, the note said. \n</p>\n<p>\n     \"We  believe  that box  office growth  will  accelerate  in  the  second half  of  2024  and  beyond,  as recovery momentum picks up,\" Hickey wrote. \n</p>\n<p>\n     Write to Janet H. Cho at janet.cho@dowjones.com \n</p>\n<p>\n     This content was created by Barron's, which is operated by Dow Jones &amp; Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 13, 2024 17:05 ET (21:05 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMC Stock Had the Best Day in Years. 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Welcome Back to the Meme-Stock Era. -- Barrons.com\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-05-14 05:05</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Janet H. Cho \n</p>\n<p>\n  Investors have seen this movie before. \n</p>\n<p>\n     A Monday rally in shares of the meme-stock favorite GameStop also lifted the theater chain AMC Entertainment Holdings. AMC stock closed up 78% at $5.19 on Monday, the highest close since the $5.29 closing price on Jan. 8, and the largest percentage increase since June 2, 2021, when shares rose 95%, according to Dow Jones Market Data. \n</p>\n<p>\n     AMC not only snapped a five-day losing streak, but its preliminary trading volume of 476.3 million shares is the highest amount on record. \n</p>\n<p>\n     People betting against the stock have taken a beating, just as they did in the meme-stock trading frenzy during the pandemic. The estimated paper loss for the day for AMC shorts was $127 million, according to the data analytics company S3 Partners. \n</p>\n<p>\n     Before Monday, shorts were up by $102 million in the stock, but with the latest surge in the price, it is now a losing short trade for 2024 by about $25 million. S3 Partners said AMC short interest is currently 55.9 million shares, or 19% of the float. So far this year, short interest has climbed 140%, or 32.6 million shares. \n</p>\n<p>\n     That reversal is reminiscent of the meme-stock era, when buying by retail investors triggered share-price gains in a number of companies that led to losses for traders who had bet that the prices would fall. GameStop is the best-known example. \n</p>\n<p>\n     AMC said when it reported its first-quarter earnings last week that it is still suffering from last year's actors' and writers' strikes, which have meant fewer films reached the market. Management said it expects second-quarter box-office ticket sales to remain below last year's record second quarter. \n</p>\n<p>\n     AMC also has a heavy burden of debt, with significant obligations due in 2026, and is looking for ways to manage it. \n</p>\n<p>\n     \"We  remain  optimistic  that  AMC will successfully  navigate  its current  challenges,  supported  by  a  resilient  management team dedicated  to  finding  creative  solutions  for  their  debt  issues,\" Benchmark analyst Mike Hickey wrote in a research note on Thursday. \n</p>\n<p>\n     Although North American box office revenue fell 6% because of the strikes, \"AMC  successfully  maintained  its  revenue  levels  close  to the previous  year,  increased  its  domestic  market  share,  and enhanced  per patron profitability metrics  well  above  pre-pandemic levels,\" in part because of efforts to contain costs, the note said. \n</p>\n<p>\n     \"We  believe  that box  office growth  will  accelerate  in  the  second half  of  2024  and  beyond,  as recovery momentum picks up,\" Hickey wrote. \n</p>\n<p>\n     Write to Janet H. Cho at janet.cho@dowjones.com \n</p>\n<p>\n     This content was created by Barron's, which is operated by Dow Jones &amp; Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 13, 2024 17:05 ET (21:05 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4547":"WSB热门概念","GME":"游戏驿站","AMC":"AMC院线","BK4108":"电影和娱乐"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2435990588","content_text":"By Janet H. Cho \n\n\n  Investors have seen this movie before. \n\n\n     A Monday rally in shares of the meme-stock favorite GameStop also lifted the theater chain AMC Entertainment Holdings. AMC stock closed up 78% at $5.19 on Monday, the highest close since the $5.29 closing price on Jan. 8, and the largest percentage increase since June 2, 2021, when shares rose 95%, according to Dow Jones Market Data. \n\n\n     AMC not only snapped a five-day losing streak, but its preliminary trading volume of 476.3 million shares is the highest amount on record. \n\n\n     People betting against the stock have taken a beating, just as they did in the meme-stock trading frenzy during the pandemic. The estimated paper loss for the day for AMC shorts was $127 million, according to the data analytics company S3 Partners. \n\n\n     Before Monday, shorts were up by $102 million in the stock, but with the latest surge in the price, it is now a losing short trade for 2024 by about $25 million. S3 Partners said AMC short interest is currently 55.9 million shares, or 19% of the float. So far this year, short interest has climbed 140%, or 32.6 million shares. \n\n\n     That reversal is reminiscent of the meme-stock era, when buying by retail investors triggered share-price gains in a number of companies that led to losses for traders who had bet that the prices would fall. GameStop is the best-known example. \n\n\n     AMC said when it reported its first-quarter earnings last week that it is still suffering from last year's actors' and writers' strikes, which have meant fewer films reached the market. Management said it expects second-quarter box-office ticket sales to remain below last year's record second quarter. \n\n\n     AMC also has a heavy burden of debt, with significant obligations due in 2026, and is looking for ways to manage it. \n\n\n     \"We  remain  optimistic  that  AMC will successfully  navigate  its current  challenges,  supported  by  a  resilient  management team dedicated  to  finding  creative  solutions  for  their  debt  issues,\" Benchmark analyst Mike Hickey wrote in a research note on Thursday. \n\n\n     Although North American box office revenue fell 6% because of the strikes, \"AMC  successfully  maintained  its  revenue  levels  close  to the previous  year,  increased  its  domestic  market  share,  and enhanced  per patron profitability metrics  well  above  pre-pandemic levels,\" in part because of efforts to contain costs, the note said. \n\n\n     \"We  believe  that box  office growth  will  accelerate  in  the  second half  of  2024  and  beyond,  as recovery momentum picks up,\" Hickey wrote. \n\n\n     Write to Janet H. Cho at janet.cho@dowjones.com \n\n\n     This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 13, 2024 17:05 ET (21:05 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","news_type":1,"symbols_score_info":{"GME":0.9,"AMC":1}},"isVote":1,"tweetType":1,"viewCount":2631,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}