By Stephen Nakrosis Shares of Hycroft Mining Holding Corp. and AMC Entertainment Holdings Inc. are trading higher Monday, after The Wall Street Journal...
At 11:43 a.m. ET, AMC shares had climbed 26% to trade at $25.50 each. At 11:42 a.m. ET, Hycroft shares were trading 52% higher, at $1.94 each. The sale followed an announcement that AMC and precious-metals investor Eric Sprott had each committed to put $28 million into Hycroft, the report said.
AMC Entertainment Holdings Inc Chief Executive Adam Aron said the movie-theater chain would embark on more "transformational" deals to capitalize on the ...
He cited AMC's recent acquisition of former Arclight and Pacific cinema locations, and said the company had plans to add more premium screens at existing theaters and retire some of its debt. Aron's tweets have been read more than 200 million times since April, he said. "Transformational M&A is mandatory. AMC bought Hycroft shares at $1.07, and they were trading at $1.32 last week. Register now for FREE unlimited access to Reuters.com Register now for FREE unlimited access to Reuters.com
AMC Entertainment (AMC) stock is soaring higher on Monday following the theater chain's successful investment in Hycroft Mining (HYMC).
If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks. On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. As of this writing, some 106 million shares of AMC stock have traded, as compared to its daily average trading volume of 48.1 million shares. In the case of HYMC stock, over 183 shares are on the move, with its daily average trading volume being 28.9 million shares. You can find all of this at the following links! Now the mining company’s stock is trading at $1.89 this afternoon.
Is AMC stock heading to the moon? Shares of the movie theater operator have been on fire lately, and “apes” are justified in their optimism for what could ...
Increased popularity bodes well for the “meme theme” that has helped to propel AMC stock to the heights witnessed last year. What probably helped to spark interest in AMC stock was the early recovery in the broad market, which finally invited some risk-on attitude. From the start of 2022 to March 14, AMC sank by 50% in only about ten weeks. Could this be the beginning of a trip to the moon? It has been a wild ride for AMC stock so far in 2022. AMC has nearly doubled in price since the 2022 bottom reached as recently as March 14.
Meme stocks such as AMC and Gamestop soared over the past week, mirroring to an extent what took place last year.
Over the last five days, GME is up approximately 78% and AMC is up about 50%. Meme stocks such as AMC and Gamestop (GME) have once again soared recently, mirroring to an extent what took place last year when internet users on the Reddit forum WallStreetBets invested in the stocks. The cinema chain AMC Entertainment’s (AMC) stock surged Monday afternoon after it announced it bought a stake in struggling gold and silver miner Hycroft Mining Holding Corp. (HYMC).
AMC's decision to purchase a gold mine, of all things, should not distract investors from the dynamics in its core industry. Read more about AMC stock here.
The movie theater stock is red hot again, two weeks after its surprise mining investment.
What many of those traders didn't expect was for the movie theater operator to zig when they anticipated a zag. Peter Lynch had a word for when companies went astray and acquired businesses far outside their circle of competence: de-worsi-fication. AMC remains a highly shorted stock, with more than 20% of its shares outstanding sold short.