|Bid||5.98 x 1000|
|Ask||5.91 x 1400|
|Day's range||5.64 - 6.15|
|52-week range||1.95 - 12.49|
|Beta (5Y monthly)||0.68|
|PE ratio (TTM)||N/A|
|Earnings date||09 Jun 2020|
|Forward dividend & yield||0.12 (2.20%)|
|Ex-dividend date||06 Mar 2020|
|1y target est||3.33|
Movie theater stocks including AMC Entertainment (NYSE: AMC), Cinemark Holdings (NYSE: CNK), Marcus (NYSE: MCS), and National Cinemedia (NASDAQ: NCMI) were all moving higher today after the May employment report was much better than expected. It was a strong sign that the economic recovery is well under way, and investors reacted enthusiastically, sending shares of hard-hit stocks like movie theaters and other consumer discretionary companies surging. As of 11:16 a.m. EDT, AMC shares were up 10%, Cinemark had gained 8.8%, Marcus was up 12.8%, and National Cinemedia was trading up 14.9%.
AMC Entertainment (AMC) closed the most recent trading day at $5.38, moving -1.28% from the previous trading session.
AMC Entertainment has been dealing with several issues, including the coronavirus that caused theaters to close. Does the share price represent a buy at this level?
In an announcement that didn't surprise anyone, AMC Entertainment Holdings (NYSE: AMC) -- you know it better as AMC Theatres or its Carmike Cinemas arm -- injected the always alarming "substantial doubt exists about our ability to continue as a going concern" language into Wednesday's preliminary first-quarter earnings report. Coronavirus-driven shutdowns have made an already difficult situation for the movie theater industry even worse, and it remains unclear when things might return to normal for the film business. AMC desperately needs the film business to win that war fast.
AMC Entertainment Inc. (NYSE:AMC) ("AMC" or the "Company"), the largest theatrical exhibition company in the United States, Europe, and the world, today announced that Odeon Cinemas, an AMC Company, reopened the first of AMC’s approximately 1,000 cinemas around the world, in Oslo, Norway.
Movie theaters worldwide have been shut since mid-March to help contain the spread of the novel coronavirus and many potential box-office draws such as "Top Gun: Maverick", the new James Bond film "No Time To Die" and Walt Disney's "Mulan" have been pushed later into the year. "We cannot predict when or if our business will return to normal levels," the world's largest movie theater operator said in a regulatory filing https://bit.ly/303x7cX. AMC said it had begun a ramp-up in cash spending as it aims for a summer reopen.
AMC Entertainment Holdings, Inc. Previews First Quarter 2020 Preliminary Results and Announces First Quarter 2020 Earnings Conference Call
AMC Entertainment (AMC) closed at $5.13 in the latest trading session, marking a +1.18% move from the prior day.
What happened Cinemark (NYSE: CNK) tumbled almost 11% today on no company-specific news, but fellow theater operator AMC Entertainment (NYSE: AMC) was down 10% as well. So what Movie theater chains had gotten a boost the other day thanks to prospects improving for reopening the economy, though at least one analyst worried that Cinemark would be hurt by its exposure to the Brazilian market.
The future for AMC Entertainment (NYSE: AMC) was looking as dark as the theaters it was forced to close due to the COVID-19 pandemic, but an analyst says the lights may go up again after all. Almost two months after MKM Partners analyst Eric Handler said bankruptcy "appeared likely" for AMC, the Wall Street pro now says the threat has "lessened considerably," and he hiked his fair value estimate of the theater operator's stock from $1 per share to $5 per share. AMC had slashed its dividend, its executives agreed to take deep pay cuts, and it closed all its theaters in a bid to conserve cash.
With the original fan favorite TV series The Walking Dead wrapping up its final season, AMC Entertainment (NYSE: AMC) now has a fairly likely timetable for the franchise to rise from the grave in the spinoff series The Walking Dead: World Beyond. Talking with Hollywood Reporter, AMC's Chief Operating Officer Ed Carroll revealed a probable air date in the fourth quarter of 2020. Both the last episode of The Walking Dead and the start of World Beyond were filmed prior to the coronavirus-related shutdown.
A survey shows 70% of people prefer new movie releases as digital in-home rentals, and it's not the only problem for theater operators like AMC.
The rumor makes sense: E-commerce giant Amazon (NASDAQ: AMZN) has shown interest in the movie industry in the past, and as long as the audience for Amazon Studios' productions is limited to Prime members, the company is leaving money on the table. If it acquired movie-theater giant AMC Entertainment (NYSE: AMC), Amazon would shift into the mainstream of the film industry, and its ability to screen its releases would allow them to qualify for Hollywood's awards. It would also offer Amazon a way to expand its subscription ecosystem.
Investors need to pay close attention to AMC Entertainment (AMC) stock based on the movements in the options market lately.
Shares of movie theater operator AMC Entertainment (NYSE: AMC) tumbled more than 10% today, after Federal Reserve Chairman Jerome Powell weighed in on the prospects for an economic recovery and promptly scared the heck out of everyone. Powell's comments today, however, threw all the wet towels on that idea, saying it was "highly uncertain" the economy would quickly bounce back. AMC Entertainment has been on tenterhooks since the pandemic began and its movie theaters were closed.
AMC Entertainment (AMC) first-quarter top line is likely to have been impacted by dismal performance at the admissions, food and beverage, and other theatre segments.
Shares of AMC Entertainment (NYSE: AMC) soared 30% on Monday after a Daily Mail report indicated that Amazon (NASDAQ: AMZN) was potentially interested in buying the world's largest movie theater chain. Amazon was reportedly in talks to acquire Landmark Theatres in 2018, so it's not outlandish to think of the leading e-tailer making a play for a multiplex operator. After the $13.7 billion deal for Whole Foods Market in 2017, it may seem as if anything is possible for Amazon.
The stock market put in a mixed showing on Monday, with most benchmarks bouncing back from early losses to end the day in the black. Market participants are still uncertain about what the next several months will look like for the global economy, especially as some state and local governments roll the dice and try to return to normal. The Dow Jones Industrial Average (DJINDICES: ^DJI) wasn't able to get out of the red by the end of the day, but the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) posted modest gains.
Stocks fell Monday, pausing after last week’s rally, as a growing number of countries and U.S. states planned or began the process of phasing out stay-in-place measures.