AMC stock

Shares of AMC Entertainment soared 23% Monday on news that a potential dilutive share authorization could be delayed.

AMC Preferred Equity Units, which could ultimately convert to common stock pending shareholder votes, were down 4.4% to $2.05. AMC stock (ticker: AMC) rose 23% to $7.61 on Monday. ](https://www.barrons.com/market-data/stocks/amc)

AMC Entertainment Holdings Inc.'s stock jumped more than 21% Monday on the eve of the meme-stock darling's fourth-quarter earnings.

“This rally is totally unjustified and shows that many investors still haven’t learned their lesson on how to allocate capital intelligently,” he said, in a note Monday. The S&P 500 index [SPX,](/investing/index/SPX?mod=MW_story_quote)rose 0.2% Monday and has fallen 2.5% in the last five days. AMC exited its fiscal third-quarter with debt of $5.325 billion and with cash and cash equivalents of $684.6 million. [rallied recently](https://www.marketwatch.com/story/amcs-stock-jumps-nearly-20-in-2-days-approaching-bullish-long-term-technical-breakout-75de4afa?mod=article_inline), climbing 46.2% in the past five days. AMC has been on a roller-coaster ride over the past two years that has taken it from beleaguered pandemic victim to meme-stock phenomenon. [AMC, +22.74%](/investing/stock/AMC?mod=MW_story_quote)to disclose a fourth-quarter loss of 21 cents a share, or a loss of 19 cents on an adjusted basis, when the company reports results after market close Tuesday. The special meeting of shareholders is scheduled for March 14, 2023, according to the SEC filing. In an SEC filing last month, AMC announced a special meeting of shareholders to increase the number of AMC authorized shares from just over 524 million to 550 million and authorize a 1-for-10 reverse split of the company’s common stock, converting APEs into shares of common stock. “AMC has plenty of cash to continue operating through an improved theatrical environment in 2023 with its vast network of premium large format screens, while chipping away at its massive debt balance,” she wrote. However, AMC’s Preferred Equity units [APE, -5.09%](/investing/fund/APE?mod=MW_story_quote)fell 3.9% Monday and have fallen 13.5% in the last five days. The company’s sales were $968.4 million, compared with $763.2 million in the same period last year. [engaged](https://www.marketwatch.com/story/amcs-ape-conversion-a-massive-opportunity-to-wipe-out-debt-and-drive-expansion-says-analyst-11675092735?mod=article_inline&mod=article_inline) in a battle to eliminate its debt burden.

AMC stock is rallying on reports that there will be court intervention in the APE share conversion, helping to prevent dilution in AMC.

On the date of publication, Bret Kenwell did not have (either directly or indirectly) any positions in the securities mentioned in this article. That’s not the highest short interest in the world. For now though, it doesn’t seem to matter to the bulls. [According to Fintel](https://fintel.io/ss/us/amc), roughly 25% of AMC stock is currently sold short. The second vote was for a 1-for-10 reverse stock split. That said, according to Seeking Alpha, “The injunction hearing is set for April 27.

AMC Entertainment (AMC) is scheduled to announce Q4 earnings results on Tuesday, February 28th, after market close.The movie theater chain announced in late ...

Revenue estimates have seen 0 upward revisions and 4 downward. 2022 has been a poor year for the box-office and for Q3 in particular, which saw no major blockbuster productions. The plaintiffs accuse AMC and its board with violating Delaware General Corporation Law and breaching fiduciary duties. [EPS Estimate is -$0.21](https://seekingalpha.com/symbol/AMC/earnings/estimates) (-90.9% Y/Y) and the consensus Revenue Estimate is $1.05B (-10.3% Y/Y). Riley Securities, given that its AMC Preferred Equity unit ( Shares have jumped around 72% since then.

AMC Entertainment's (AMC) fourth-quarter 2022 results are likely to reflect the impacts of dismal Admissions, as well as Food and Beverage revenues.

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Traders Flood Into AMC Stock Pre-Earnings Report Shares of AMC Entertainment Holdings soared on Monday in anticipation of the firm's upcoming earnings ...

[AMC](https://nnn.ng/tag/amc/) Entertainment Holdings soared on Monday in anticipation of the firm’s upcoming earnings report, due to be delivered on Tuesday. [](https://nnn.ng/hausa/#=hausanaija) [](https://nnn.ng/i/#=shortner link google) [Foreign](https://nnn.ng/foreign/)

AMC Entertainment Holdings Inc (NYSE: AMC) shares are trading higher by 24.46% to $7.71 Monday afternoon. Strength may be in possible anticipation of ...

AMC may also be experiencing a short squeeze. The prior scheduled March 14 vote on share conversion will still be allowed to take place. [Benzinga Pro](https://benzinga.grsm.io/register174), AMC has a 52-week high of $34.33 and a 52-week low of $3.77. AMC has a total share float of 516.051 million, of which 118.270 million shares are sold short, representing 22.92% of shares sold short. According to analyst consensus estimates, AMC is expected to report revenue of $1.01 billion on an EPS loss of 19 cents. [report](https://seekingalpha.com/news/3941301-amc-entertainment-gains-as-ape-conversion-delayed-until-at-least-april-27) from Seeking Alpha, a Delaware judge late during Monday's session agreed to hold preliminary injunction hearing on April 27 to block the conversion of AMC Preferred Equity APE into common shares.

AMC Entertainment Holdings Inc will face an April 27 hearing in a lawsuit claiming it circumvented shareholders who were against adding more shares, ...

AMC Entertainment Holdings Inc. common stock surged 23% after a Delaware court said it will hold a preliminary injunction hearing on April 27, ...

The AMC dine-in theater at Disney Springs. Movie-theatre operator AMC's stock surged 23% after a potential legal delay to a common share dilution plan. Amanda ...

[Insider's Phil Rosen](https://markets.businessinsider.com/news/stocks/next-stock-market-crash-reddit-day-trader-risky-retail-investing-2023-2?utm_medium=ingest&utm_source=markets) reported on Thursday that the rally is like the [meme stock](https://markets.businessinsider.com/news/stocks/what-is-a-meme-stock-reddit-wallstreetbets-gamestop-amc-2021-6-1030515649?utm_medium=ingest&utm_source=markets) boom of 2021. [bullish sentiment among retail investors,](https://markets.businessinsider.com/news/stocks/next-stock-market-crash-reddit-day-trader-risky-retail-investing-2023-2?utm_medium=ingest&utm_source=markets) who have been splashing out on stocks to the tune of [$1.5 billion a day](https://markets.businessinsider.com/news/stocks/stocks-retail-investors-record-amount-spending-markets-rally-fomo-securities-2023-2?utm_medium=ingest&utm_source=markets&utm_medium=ingest&utm_source=markets) this year, according to London-based consultancy firm Vanda Research. Thanks to this, the [S&P 500](https://markets.businessinsider.com/index/s&p_500?utm_medium=ingest&utm_source=markets&utm_medium=ingest&utm_source=markets) is up nearly 4% this year so far, while the [Nasdaq 100](https://markets.businessinsider.com/futures/nasdaq-100-futures?utm_medium=ingest&utm_source=markets&utm_medium=ingest&utm_source=markets) has surged 10% in the same period. [Reuters](https://www.reuters.com/legal/amc-shares-up-judge-sets-april-hearing-shareholder-case-2023-02-27/) report on Tuesday. [one day ahead of its fourth-quarter earnings](https://investor.amctheatres.com/newsroom/news-details/2023/AMC-Entertainment-Holdings-Inc.-to-Announce-Fourth-Quarter-and-Year-End-2022-Results-and-Host-Earnings-Webcast/default.aspx), thanks to some good news for shareholders on the legal front. A Delaware judge agreed to hold a preliminary injunction hearing request from a group of shareholders who are accusing the chain of sidestepping investors to add more shares according to a

A proposal to issue preferred stock, if approved by shareholders, must wait until the results of an April 27 injunction hearing.

While the company is allowed to move forward with the shareholder vote, it cannot implement the APE unit conversion if it is approved by shareholders until the hearing is held and unless the judge denies the injunction request. [APE units](https://www.thewrap.com/amc-theaters-apes-stock-dive/) — into common shares, increasing the number of common shares from roughly 523 million to 550 million. Now, Vice Chancellor Morgan Zurn has rescheduled the meeting to April 27.

When AMC (NYSE:AMC) enjoyed its boom as a meme stock, driven by social media like Wallstreetbets, its release of the AMC Preferred Equity unit (NYSE:APE) ...

With signs emerging that AMC may pull an earnings surprise out of its hat when its next earnings report emerges, some are taking AMC stock a lot more seriously than they did only recently. Both points suggest that the theater may not be fading away but rather simply changing. [NYSE:AMC](https://www.tipranks.com/stocks/amc/forecast)) enjoyed its boom as a meme stock, driven by social media like [Wallstreetbets](https://www.tipranks.com/compare-stocks/wallstreetbets), its release of the AMC Preferred Equity unit ( [NYSE:APE](https://www.tipranks.com/stocks/ape/forecast)) was controversial, to say the least. Now, AMC’s move to bring the APE under its main umbrella may put the controversy to rest. The injunction hearing, meanwhile, stems from a recently-filed class-action lawsuit from the Allegheny County Employees’ Retirement System. That move was set for March 14.

AMC Theatres was once one of my favorite short squeeze candidates but I've lost interest due to several key headwinds. Find out my take ahead of Q4 ...

He looks more like a liability to AMC Theatres than an asset at the moment. Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. The company wants to convert APE into AMC shares but could dilute AMC shareholders in the process. I don't expect anything out of the ordinary here since AMC continues to burn through cash. The Fed raised interest rates and took away a lot of buying momentum from retail investors. These companies have enough consumer demand and cashflow to weather almost any storm. I have no business relationship with any company whose stock is mentioned in this article. If approved, AMC shareholders will get diluted and a reverse split could reduce AMC burned through $174 million in cash during Q3 2024 despite hitting nearly $1 billion in quarterly revenue. I wonder if AMC CEO Adam Aron will speak further on this Q4 2022 earnings conference call. Free cash flow hit negative $278 million even though quarterly attendance increased 37.9% to nearly 54 million in the same quarter. Analysts are expecting quarterly revenue of $1.05 billion and earnings loss of 22 cents per share.

That's after a group of shareholders accused the chain of circumventing them with a plan that will convert preferred shares to common shares.

Stocks Analysis by The Tokenist (Timothy Fries) covering: GameStop Corp, AMC Entertainment Holdings Inc, AMC Entertainment Holdings Pref Units.

Check out The Tokenist’s free newsletter, [Five Minute Finance](https://tokenist.com/newsletter/), for weekly analysis of the biggest trends in finance and technology. The selling took a break on Monday as the S&P 500 added a modest 0.3%. Black candlesticks are more of a problem at the end... The shares of AMC Entertainment Holdings closed the trading day on Monday up nearly 23%. While most analysts expect another quarter of losses, its sales are widely expected to be over $1 billion thanks to the release of Avatar: The Way of Water. [Saved Items](/members-admin/saved-items)

AMC Entertainment Holdings, Inc.(NYSE:AMC): Theatre movie chain AMC's shares are trading more than 75% below its 52-week high due to weakened investor ...

Try Magnifi Personal, free for 90 days.](https://magnifi.com/magnifi-personal?utm_medium=affiliate&utm_source=mc-referral&utm_campaign=SN&utm_ad_type=textlink&utm_goal=mentor&utm_content=mctextlink90dayfree) Mangeet’s keen interest in the stock market led her to become an investment researcher and financial journalist. In terms of forward EV/Sales, AMC is currently trading at 3.45x, 74.8% higher than the industry average of 1.97x. Shares of AMC have declined more than 30% over the past year due to dampened investor sentiment amid mounting losses and decelerating business growth. Analysts expect AMC’s revenue for the fourth quarter (ended December 2022) to come in at $977.66 million, indicating a decline of 16.6% year-over-year. And its trailing-12-month EBITDA margin of 2.82% is 85.3% lower than the 19.21% industry average. Its operating loss stood at $114.90 million for the third quarter. While AMC was able to avert from the brink of bankruptcy in 2021 after millions of retail investors made it a meme stock, it struggled significantly to maintain momentum last year. [new $110 million capital raise](https://www.cnbc.com/2022/12/22/amc-plunges-after-theater-company-announces-capital-raise-reverse-stock-split.html) and proposed a reverse stock split of AMC common shares at a 1-to-10 ratio. My evaluation of AMC in this piece explains why it could be risky to buy the stock even at the current low price level. The company reported revenue of $968.40 million for the third quarter, up 26.9% year-over-year. The company’s results were impacted primarily by a soft industry-wide box office in the latter two-thirds of the third quarter.

Overall market sentiment has been high on AMC Entertainment Holdings Inc (AMC) stock lately. AMC receives a Bullish rating from InvestorsObserver Stock ...

What's Happening With AMC Stock Today?AMC Entertainment Holdings Inc (AMC) stock is higher by 4.14% while the S&P 500 is down -0.09% as of 10:45 AM on Tuesday, Feb 28. More About AMC Entertainment Holdings IncAMC Entertainment Holdings Inc is involved in the theatrical exhibition business. Over the past year the S&P 500 is down -9.04% while AMC is down -57.95%. The group operates in U.S. AMC receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.

Shares of AMC Entertainment Inc. surged 13.6% toward a 12-week high in afternoon trading Monday, a day before the movie theater operator is scheduled to...

AMC’s report comes fellow movie theater operator Cinemark Holdings Inc. [AMC, -6.18%](/investing/stock/AMC?mod=MW_story_quote)surged 13.6% toward a 12-week high in afternoon trading Monday, a day before the movie theater operator is scheduled to report fourth-quarter results. Shares of AMC Entertainment Inc.

AMC Entertainment Holdings AMC +22.74% stock was rising in late trading after the movie theater chain reported better-than-expected results.

Earnings season is not quite over yet, and today following the markets' close, one of the retail crowd's favorites will step up to deliver its latest ...

The $3.25 average target is higher than Reece will allow but still implies shares will lose 57% of their value over the coming year. Elsewhere on the Street, with an additional 2 Holds, the stock receives a Moderate Sell consensus rating. With its huge network of premium large format screens, AMC has plenty of cash to keep on operating through an improved theatrical environment in 2023 while at the same time it chips away at its “massive” debt balance. Those are the positives and from there on in, Reese’s take is more muted. This is on the back of a 64% year-over-year uptick in 2022 (down 35% vs. “Theatrical exhibition is on the path to normalization,” Reese explained, “with an improving release slate in 2023.”

AMC reported a loss for a 14th consecutive quarter and fourth consecutive year Tuesday, but shares still gained in after-hours trading.

“We are charging a slight premium for the most popular seats in an auditorium, but discounting the prices of less popular seats closer to the screen up front,” Aron said during the conference call. [debut](https://www.marketwatch.com/story/will-amcs-bold-ape-strategy-be-a-win-for-the-cinema-chain-11661261413?mod=article_inline&mod=article_inline&mod=article_inline&mod=article_inline&mod=article_inline) in August. Speaking during the conference call to discuss the results, Aron said that the company’s Perfectly Popcorn will be available at more than 2,600 U.S. The CEO acknowledged that this is a substantial change to the status quo for U.S. “2022 was a year of growth and recovery for AMC,” said the company’s CFO, Sean Goodman, during the conference call. The movie-theater chain said the microwave and ready-to-eat popcorn will be available at hundreds of Walmart locations starting March 11. “At AMC, we’re all smiles today, but by no means are we out of the woods yet,” said Aron, during a conference call to discuss the results. “So, the vote is on.” [AMC, -6.18%](/investing/stock/AMC?mod=MW_story_quote)reported a net loss of 14 cents a share, worse than a loss of 6 cents a share last year. “With more major movies coming in 2023, we are highly confident that our multiyear recovery will continue to show considerable progress this year,” Chief Executive Adam Aron said in a statement. The stock hit a 52-week high of $21.09 on March 29, 2022. AMC reported fourth-quarter sales of $990.9 million, compared with $1.18 billion in the same period last year.

One of the best ways to play the divergence in AMC stock and APE stock prices could be simply to buy the lower-priced preferred shares.

[two-thirds of all shareholder lawsuits regarding fiduciary duty are dismissed](https://www.nera.com/content/dam/nera/publications/2022/PUB_2021_Full-Year_Trends_012022.pdf), and much of the remainder are resolved through settlement. [frown on the unilateral dilution of voting shares](https://www.finra.org/investors/insights/get-board-understanding-role-corporate-directors), which is why most preferred stock are issued with zero voting rights. [no clear limitations on preferred share voting rights](https://www.americanbar.org/groups/business_law/publications/blt/2014/01/04_bigler/), so issuing voting APE shares is perfectly legal in the state. And if that argument fails to impress the judge, the defense can point to the firm’s corporate governance guidelines, which prioritize the “ [long-term health and overall success of the business](https://s25.q4cdn.com/472643608/files/doc_downloads/governance/2021/AMC-Corporate-Governance-Guidelines-and-Principles-2021-update.pdf),” not shareholder voting rights. On the date of publication, Tom Yeung did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The AMC/APE convergence trade essentially involves buying the lower-cost APE shares and shorting the higher-cost AMC ones. The courts could easily delay the APE/AMC conversion, spelling disaster for any AMC short position incurring the 200% fee rate. If he failed to create the new share class, AMC would likely have folded the same way as Regal Cinema parent Cineworld (OTCMKTS: [CNNWQ](https://investorplace.com/stock-quotes/cnnwq-stock-quote/)) did this year. If management successfully converts the newer APE shares into the regular AMC version, traders walk away with a profit per share equal to the initial spread. Still, the widening gap between AMC and APE shares should eventually make the gamble worth the risk. 27, AMC announced plans to convert APE shares into ordinary AMC ones, turning its “unofficial” capital raise into a decidedly official one. If the APE conversion gets delayed beyond that point, the convergence trade collapses and arbitragers walk away with nothing.