![]() ![]() ![]() See also: How you could lose everything by short-selling stocks, whether it’s betting against GameStop or Tesla The company conducted another at-the-market offering of 50 million shares Monday, he said. Mike O’Rourke, chief market strategist at Jones Trading, said one could argue that the Reddit’s WallStreetBets community has saved AMC from a pandemic-driven bankruptcy. See also: Why cinema will survive the coronavirus pandemic See now: Why an options-trading frenzy by small traders stirs memories of the stock market’s dot-com bubble This means that any talk of an imminent bankruptcy for AMC is completely off the table.” “After securing more than $1 billion of cash between April and November of 2020, through equity and debt raises along with a modest amount of asset sales, we are proud to announce today that over the past six weeks AMC has raised an additional $917 million capital infusion to bolster and solidify our liquidity and financial position. “Today, the sun is shining on AMC,” Chief Executive Adam Aron said in a statement. On Monday, AMC announced it had raised $917 million in equity and debt to help it get through a coronavirus-impacted winter. With volume ballooning to 585.6 million shares, the stock was also the most actively traded. The crisis left most of AMC’s theaters in lockdown for months in 2020, deterred major studios from releasing new blockbusters and forced those theaters that were open to operate at limited capacity.ĪMC’s stock blasted 224% higher in morning trading Wednesday, enough to make it the biggest gainer traded on major U.S. In the case of AMC, the world’s biggest cinema operator, that has meant gains of more than 680% in the year to date, even as the company has conducted dilutive capital raisings and its core business remains greatly imperiled by the coronavirus pandemic. The stock traded as high as $354.83 intraday, compared with the Jan. was founded in 1994 and is headquartered in Grapevine, Texas.GameStop shares charged up 135% in morning trading Wednesday. The company was formerly known as GSC Holdings Corp. It primarily operates its stores under the GameStop, EB Games, and Micromania brands. As of March 28, 2018, the company operated approximately 7,200 stores across 14 countries. Further, it provides Game Informer magazine, a print and digital video game publication and operates Simply Mac, an authorized Apple reseller that sells Apple products, including desktop computers, laptops, tablets and smart phones, and related accessories and other consumer electronics products, as well as training, warranty, and repair services. In addition, the company operates e-commerce sites under the GameStop, EB Games, Micromania, and ThinkGeek brands collectibles stores under the Zing Pop Culture and ThinkGeek brands and Spring Mobile, an authorized AT&T reseller operating AT&T branded wireless retail stores. It also sells wireless products, services, and accessories collectibles, such as licensed merchandise primarily related to the video game, television, and movie industries, as well as pop culture themes gaming-related print media, and mobile and consumer electronics products PC entertainment software in various genres comprising sports, action, strategy, adventure/role playing, and simulation and carry strategy guides, magazines, and interactive game figures. The company sells new and pre-owned video game hardware video game software pre-owned and value video games video game accessories, including controllers, gaming headsets, virtual reality products, memory cards, and other add-ons and digital products, such as downloadable content, network points cards, prepaid digital and prepaid subscription cards, and digitally downloadable software. It operates in five segments: United States, Canada, Australia, Europe, and Technology Brands. ![]() operates as a multichannel video game, consumer electronics, and wireless services retailer. Telsey Advisory Group: Market Perform → Outperform Telsey Advisory Group: Outperform → Underperform ![]()
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