Previous close | 7.20 |
Open | 7.20 |
Bid | 7.05 |
Ask | 7.25 |
Strike | 10.00 |
Expiry date | 2025-06-20 |
Day's range | 7.20 - 7.20 |
Contract range | N/A |
Volume | |
Open interest | 493 |
AMC Entertainment said its box-office results are still suffering from the effects of last year’s Hollywood strikes but Wall Street analysts remain cautiously optimistic about the movie-theater stock. “A strong rebound coming in the second half of 2024,” she added, continuing to rate the stock at Hold, with a target of $4 for the price.
LEAWOOD, Kan., April 26, 2024--AMC Entertainment Holdings, Inc. (NYSE: AMC) (the "Company," or "AMC"), today released preliminary results for the first quarter ended March 31, 2024. The preliminary results are unaudited, subject to completion of the Company’s financial reporting processes, based on information known by management as of the date of this press release and do not represent a comprehensive statement of our financial results for the quarter ended March 31, 2024. AMC expects:
As meme stocks gain traction, Todd Walsh, Alpha Cubed Investments CEO and author of Exponential Gains: How to Find and Manage the Next Great Stocks and Transform Your Portfolio, joins Wealth! to shed light on why investors should avoid these speculative investments. Walsh points out that "a generation of investors" are currently drawn to meme stocks, mistakenly believing they are investing when, in reality, these stocks "are just speculation." He emphasizes the importance of investors establishing a "foundation" and an "investment process" that filters out speculative plays. Walsh advises investors to "get away from the idea of making a big score" and instead focus on factors such as a company's earnings and profitability. This approach promotes a more disciplined investment strategy, he adds. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith