Topics

Posted 9/7/2023, 5:07:00 PM

AMC Stock Hits New Low as Meme Music Fades

AMC stock hits all-time low as meme stock craze fades
Meme trader enthusiasm helped AMC raise cash through stock sales
But meme buzz hasn't improved AMC's bottom line
Other meme stocks like GameStop also struggling as interest wanes
Meme trading frenzy may have run its course as focus shifts

barrons.com

Relevant topic timeline:

8/21/2023

Meme Coins PEPE, SHIB Plummet More Than 20% Over the Week - Decrypt

Both meme coins Pepe (PEPE) and Shiba Inu (SHIB) have experienced significant losses of over 20% in the past week, with PEPE dropping 22% and SHIB falling 21.6%, possibly due to the troubled launch of the Shiba network's layer-2 blockchain, Shibarium. Additionally, Bitcoin and Ethereum have also seen declines after news of Evergrande's bankruptcy filing.

8/22/2023

AMC Stock Is Cratering: What's Going On? - AMC Enter Hldgs (NYSE:AMC)

AMC Entertainment Holdings shares are falling ahead of a reverse stock split, causing the number of shares to increase, and the stock conversion is being done to strengthen the company's financial position and pursue growth opportunities.

8/22/2023

AMC data indicates ‘panic’ ahead of APE stock conversion, says Stocktwits

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.

8/23/2023

AMC’s stock falls 21% ahead of APE stock conversion

AMC Entertainment's stock dropped 21% ahead of its stock conversion, part of the company's efforts to eliminate debt and increase authorized common shares.

8/24/2023

Disney falls further, AMC drops as market awaits stock conversion

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.

8/24/2023

AMC Goes Bananas Before the APE Conversion—and the Stock Gets an Upgrade

AMC Entertainment Holdings stock surges ahead of the APE conversion and receives an upgrade from Wedbush analysts.

8/24/2023

Another Plunge for AMC Entertainment (NYSE:AMC) and the APE (NYSE:APE) Units - TipRanks.com

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.

8/24/2023

PEPE plunges 15% as strange token movements spark fears of rug pull

The price of the memecoin Pepe has dropped by 15% after developers sent a significant amount of tokens to exchanges, sparking concerns of a "rug pull" and leading to a change in the team's multisig wallet.

8/25/2023

AMC shares rise premarket, as APE units reach the end of the road

AMC Entertainment Holdings Inc. saw a 2% rise in premarket trades amidst its reverse stock split and conversion of AMC Preferred Equity unit stock.

8/30/2023

Ambarella Stock Sinks as It Sees ‘Weak’ Demand Environment. What Wall Street Thinks.

Ambarella stock is dropping due to weak demand and customer inventory reductions, according to the chip maker's disappointing guidance.

9/6/2023

AMC shares slide 20% after theater chain announces plan to sell additional stock

Shares of AMC Entertainment fell 20% after the theater chain announced plans to sell up to 40 million new shares to raise cash, following the successful conversion of preferred APE shares into common stock and the settlement of a lawsuit objecting to the move.

9/30/2023

Meme Stock Mania Fades as GameStop, AMC Crash Back to Earth

The meme stock fad has come to an end as the stocks have returned to their pre-runup prices or even lower, with GameStop being the last one standing and heavily dependent on fundamental support.

9/30/2023

Market Selloffs Signal More Pain Ahead Before New Bull Emerges

The recent two-week selloff in the stock market confirms a weak market and raises the possibility of new lows, indicating that the so-called bull market was just a rebound and the next bull market will be driven by different factors. Investors should focus on traditional fundamentals and cash reserves rather than poor investments.

Topics

Posted 9/7/2023, 5:07:00 PM

AMC Stock Hits New Low as Meme Music Fades

AMC stock hits all-time low as meme stock craze fades
Meme trader enthusiasm helped AMC raise cash through stock sales
But meme buzz hasn't improved AMC's bottom line
Other meme stocks like GameStop also struggling as interest wanes
Meme trading frenzy may have run its course as focus shifts

barrons.com

Relevant topic timeline:

8/21/2023

Meme Coins PEPE, SHIB Plummet More Than 20% Over the Week - Decrypt

8/22/2023

AMC Stock Is Cratering: What's Going On? - AMC Enter Hldgs (NYSE:AMC)

8/22/2023

AMC data indicates ‘panic’ ahead of APE stock conversion, says Stocktwits

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.

8/23/2023

AMC’s stock falls 21% ahead of APE stock conversion

AMC Entertainment's stock dropped 21% ahead of its stock conversion, part of the company's efforts to eliminate debt and increase authorized common shares.

8/24/2023

Disney falls further, AMC drops as market awaits stock conversion

8/24/2023

AMC Goes Bananas Before the APE Conversion—and the Stock Gets an Upgrade

AMC Entertainment Holdings stock surges ahead of the APE conversion and receives an upgrade from Wedbush analysts.

8/24/2023

Another Plunge for AMC Entertainment (NYSE:AMC) and the APE (NYSE:APE) Units - TipRanks.com

8/24/2023

PEPE plunges 15% as strange token movements spark fears of rug pull

8/25/2023

AMC shares rise premarket, as APE units reach the end of the road

AMC Entertainment Holdings Inc. saw a 2% rise in premarket trades amidst its reverse stock split and conversion of AMC Preferred Equity unit stock.

8/30/2023

Ambarella Stock Sinks as It Sees ‘Weak’ Demand Environment. What Wall Street Thinks.

Ambarella stock is dropping due to weak demand and customer inventory reductions, according to the chip maker's disappointing guidance.

9/6/2023

AMC shares slide 20% after theater chain announces plan to sell additional stock

9/30/2023

Meme Stock Mania Fades as GameStop, AMC Crash Back to Earth

The meme stock fad has come to an end as the stocks have returned to their pre-runup prices or even lower, with GameStop being the last one standing and heavily dependent on fundamental support.

9/30/2023

Market Selloffs Signal More Pain Ahead Before New Bull Emerges