Shares of NVIDIA Corp. fell 2.77% as the stock market experienced a poor trading session, with the S&P 500 Index dropping 0.28% and the Dow Jones Industrial Average falling 0.51%.
AMC Entertainment Holdings, a unique movie theater chain, has garnered more attention for its stock and APE shares than for the films it screens.
Investor sentiment towards AMC Entertainment has turned to panic as the stock sees a significant decline and faces competition from other stocks, leading to concerns about its future performance.
AMC Entertainment has completed a 1-for-10 reverse stock split as part of its plan to convert its preferred shares into common stock, causing a 25% drop in share prices and concerns about dilution among investors.
Disney's stock is on course to reach its lowest level since 2014, showing a significant drop in market capitalization since Bob Iger returned as CEO, while AMC's stock is falling as investors anticipate its stock conversion.
AMC Entertainment's stock and its Preferred Equity unit (APE) took hits, with AMC sliding nearly 27% and APE losing almost 20% in Thursday's trading, as AMC engaged in a 1-for-10 reverse stock split and the APE unit is set to be incorporated into the AMC stock; despite this, Antara Capital's sale of AMC suggests that it no longer regards the company as a distressed asset.
Shares of Walt Disney fell 3.9% to their lowest level in almost nine years as investors anticipate further price drops and scrutinize the company's turnaround plan after the announcement of price hikes, more ads, and cost cuts to boost the business.
AMC Entertainment Holdings Inc. saw a 2% rise in premarket trades amidst its reverse stock split and conversion of AMC Preferred Equity unit stock.
Manchester United's shares dropped over 18% after reports that the club's owners will take it off the market due to disappointing offers, resulting in a $700 million decrease in market value.
Shares of Netflix Inc. fell 0.65% on a rough trading session for the stock market.
Apple shares fell over 2.6% as China plans to extend a ban on iPhone use to state-owned corporations, while Dutch Bros dropped 6% after announcing a public offering of $300 million in shares, and Dave & Buster's shares fell over 3% due to weaker-than-expected earnings.
AMC stock hits a new low as meme trading loses its momentum and fails to improve the company's financial performance.
Charter Communications' stock has fallen during the dispute with Walt Disney, but one analyst believes it is a buy.
AMC stock rises 9% after the theater chain raises $325.5 million in equity capital, improving its cash reserves and addressing liquidity concerns.
Shares of AMC Entertainment rallied as the company completed an equity offering, raising $325.5 million to boost its cash reserves and fortify its balance sheet, giving the company flexibility to navigate the ongoing strikes and capitalize on opportunities.
Shares of Microsoft Corp. fell 2.50% as the stock market experienced a dismal trading session, ending its two-day winning streak.
Shares of Alphabet Inc. Cl A fell 0.51% as the stock market experienced a dismal trading session, although it outperformed some of its competitors.
Disney shares declined in early trading after the company announced plans to invest $60 billion in its theme parks over the next decade to further increase profitability and expand its reach to a large addressable market of individuals with "high Disney affinity" who have yet to visit the parks.
Shares of Sirius XM Holdings Inc. fell 0.49% on a rough trading day, marking the stock's second consecutive day of losses, but outperforming some of its competitors.
