By Kuldip K. Ambastha
As the table above shows, AMC Entertainment Holdings, Inc. (AMC) had a volatile trading week like what a rollercoaster ride could entail. AMC Entertainment Holdings is a holding company with movie theaters all over the world. AMC Entertainment Holdings is one of several meme stocks watched closely by retail investors on Reddit’s r/WallStreetBets and other online platforms. As coronavirus-related lockdowns are easing, AMC Entertainment Holdings has started to see improved movie ticket sale figures, though the future is still quite uncertain and movie ticket sale figures have not yet reached pre-lockdown levels. Many consumers prefer to watch movies online from home currently, as opposed to going to movie theaters.
Even as professional investors are seeking to take undue risks out of their investment portfolios and / or are going short on the shares of AMC Entertainment Holdings due to weak fundamentals, retail investors are still bullish about AMC Entertainment Holdings. On Thursday, June 3, 2021, AMC Entertainment Holdings reaped the rewards of the bullish sentiment by raising $587.4 million through a share sale. This new money could strengthen the corporate balance sheet and fund new projects, among other potential uses. Like a rollercoaster ride as noted above, the stock price of AMC Entertainment Holdings has been going up and down in the recent past. Only time will tell if this particularly wild rollercoaster ride ends well or not for AMC Entertainment Holdings.
Keywords – AMC Entertainment Holdings, Inc., AMC Entertainment Holdings, AMC Entertainment, AMC, movie, theater, ticket, sales, retail, professional, institutional, investor, meme, stock, share, equity, Reddit, r/WallStreetBets, COVID-19, coronavirus, pandemic, lockdown, rollercoaster.
Disclosure – The principals and clients of Ambastha Financial LLC have no positions in AMC.
Disclaimer – No recommendations are being made via this post. Past performance is not an indicator of future performance. As an investor, you should do your own research and seek professional advice from a Registered Investment Adviser (RIA). You can lose money by investing in stocks and other instruments. Ambastha Financial LLC does not assume any responsibility (legal or otherwise) for any losses that may occur as a result of actions taken based on this post. All content copyrighted © 2021 – Ambastha Financial LLC.