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AMC Jun 2024 2.500 put
| Previous close | 0.2600 |
| Open | 0.2700 |
| Bid | 0.2700 |
| Ask | 0.2900 |
| Strike | 2.50 |
| Expiry date | 2024-06-21 |
| Day's range | 0.2600 - 0.2900 |
| Contract range | N/A |
| Volume | |
| Open interest | 4.43k |
- Yahoo Finance Video
AMC Q1 earnings beat revenue estimates as stock down 47% YTD
Shares of AMC Entertainment (AMC) are moving slightly after the company posted its first quarter report revealing revenue of $951.4 million, beating an expected $870.86 million, with $0.78 diluted loss per share versus an expected $0.79. Chairman and CEO Adam Aron commented in the report that some of the numbers are due to lagging effects from the 2023 Hollywood strikes, but is confident about the lineup of new movies and success from the distribution of Taylor Swift and Beyoncé concert films. Yahoo Finance Anchors Josh Lipton and Julie Hyman break down the latest development for AMC and what it could mean for the stock moving forward. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Nicholas Jacobino
Yahoo FinanceThe meme stock surge doesn't appear to be the ominous signal it has been
The recent meme stock moment might be thought of as an indication that exuberance has once again gone too far. But this time, a closer look at seven key meme stocks shows that it might be a perfectly good sign for the market.
- Reuters
UPDATE 2-Theater chain AMC beats revenue estimates, expects weaker second quarter
AMC Entertainment on Wednesday beat estimates for first-quarter revenue, but the world's largest theater chain said the current quarter could be weaker than a year ago as strikes delayed the release of movies. AMC said it raised $124.1 million by selling 38.5 million shares in the current quarter and reduced debt principal by $17.5 million in the first quarter, by exchanging 2.5 million shares. "AMC's retail investors typically don't like to hear AMC say that they plan to issue more shares for its debt-reduction efforts, as it dilutes their holdings," said Wedbush Securities analyst Alicia Reese.
