AMC Stock News: AMC Entertainment and Ape Preferred Shares both decline despite market rally
Premium|Take advantage of 60% OFF on your first month.
Grab this special offer, it's 7 months for FREE deal! And access ALL our articles and analysis.
You have reached your limit of 5 free articles for this month.
BLACK FRIDAY SALE! 60% OFF!
Grab this special offer, it's 7 months for FREE deal! And access ALL our articles and analysis.
CLAIM OFFER- NYSE:AMC fell by 0.10% during Thursday’s trading session.
- AMC and other theaters have felt the slow summer season this year.
- Avatar is going to do its best to bring moviegoers back to theaters.
NYSE:AMC inched lower once again despite the broader markets rallying for the second straight day ahead of Fed Chairman Jerome Powell’s speech. On Thursday, shares of AMC fell by 0.10% and closed the trading session at a price of $9.57. Stocks jumped higher into the close as the key Fed Symposium at Jackson Hole got under way. Overall, the Dow Jones added a further 322 basis points, the S&P 500 rose by 1.41%, and the NASDAQ jumped higher by 1.67% during the session.
Stay up to speed with hot stocks' news!
Overall, this summer has been a slow one for theaters, AMC included. The past two weekends have been the slowest at the box office since May, despite the summer historically being one of the busiest times of the year. Theater chains like Regal have been hit hard as its parent company Cineworld (LON:CINE) prepares to file for bankruptcy. Some studios have felt the crunch as well, with Warner Bros Discovery delaying some of its major releases until 2023. Will AMC survive this seasonal lull? Most likely. But it certainly doesn’t lend much confidence in the movie theater industry for the long-term.
AMC stock forecast
One blast from the past could help theaters regain their swagger. Avatar is being re-released in both 4K and 3D for theaters. Why is James Cameron’s all-time seller coming back to theaters? Because the long-awaited sequel is being released this December, thirteen years after the original was first released. Avatar: The Way of Water is debuting on December 16, 2022, in what should be the box office release of the holiday season.
Like this article? Help us with some feedback by answering this survey:
- NYSE:AMC fell by 0.10% during Thursday’s trading session.
- AMC and other theaters have felt the slow summer season this year.
- Avatar is going to do its best to bring moviegoers back to theaters.
NYSE:AMC inched lower once again despite the broader markets rallying for the second straight day ahead of Fed Chairman Jerome Powell’s speech. On Thursday, shares of AMC fell by 0.10% and closed the trading session at a price of $9.57. Stocks jumped higher into the close as the key Fed Symposium at Jackson Hole got under way. Overall, the Dow Jones added a further 322 basis points, the S&P 500 rose by 1.41%, and the NASDAQ jumped higher by 1.67% during the session.
Stay up to speed with hot stocks' news!
Overall, this summer has been a slow one for theaters, AMC included. The past two weekends have been the slowest at the box office since May, despite the summer historically being one of the busiest times of the year. Theater chains like Regal have been hit hard as its parent company Cineworld (LON:CINE) prepares to file for bankruptcy. Some studios have felt the crunch as well, with Warner Bros Discovery delaying some of its major releases until 2023. Will AMC survive this seasonal lull? Most likely. But it certainly doesn’t lend much confidence in the movie theater industry for the long-term.
AMC stock forecast
One blast from the past could help theaters regain their swagger. Avatar is being re-released in both 4K and 3D for theaters. Why is James Cameron’s all-time seller coming back to theaters? Because the long-awaited sequel is being released this December, thirteen years after the original was first released. Avatar: The Way of Water is debuting on December 16, 2022, in what should be the box office release of the holiday season.
Like this article? Help us with some feedback by answering this survey:
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.