Tag: Film/Video Exhibition

In addition to bitcoin, AMC will soon accept other cryptocurrencies for purchases

AMC on Wednesday expanded the range of cryptocurrencies it soon plans to accept for movie-ticket and concession purchases. In its second-quarter earnings report in August, AMC Entertainment Holdings Inc. AMC, -0.97%, the nation’s largest movie-theater chain, announced it would accept bitcoin BTCUSD, +0.79% for online ticket and concession purchases before the end of this year. […]

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All of Wall Street’s pandemic weirdness is about to be on display

Wall Street has gotten weird during the COVID-19 pandemic, and all of that weirdness is about to be on full display. Let’s start with meme stocks. Can we interest you in the earnings of AMC Entertainment Holdings Inc. AMC, -2.42% on Monday afternoon? The theater chain’s valuation has exploded from less than $1 billion to […]

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A benchmark-beating robot thinks AMC will outperform Facebook and GameStop. It likes these other stocks, too.

An exchange-traded fund run by artificial intelligence bought AMC stock at the beginning of July, preferring shares in the cinema chain and retail investor favorite over the likes of Facebook or Walmart. The Qraft AI-Enhanced U.S. Large Cap Momentum ETF, trading as AMOM AMOM, -0.78% on the New York Stock Exchange, removed some major technology […]

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AMC to sell up to 43 million fresh shares, but calls off plans to seek approval for 500 million more

AMC Entertainment Holdings Inc. shares dipped in after-hours trading Tuesday, after the theater chain disclosed plans to sell millions of fresh shares while revealing early returns from reopened theaters, but said it would not ask shareholders to approve the potential sale of 500 million more shares. In a filing with the Securities and Exchange Commission, […]

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California movie-theater chains ArcLight Cinemas and Pacific Theatres to close for good

In a blow to Southern California moviegoers, ArcLight Cinemas and Pacific Theatres, which together operate about 300 screens in the region and have been closed due to the COVID-19 pandemic, will not reopen. “After shutting our doors more than a year ago, today we must share the difficult and sad news that Pacific will not […]

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Robinhood lifts trading restrictions on GameStop, AMC stock

Online trading platform Robinhood removed trading restrictions on shares of GameStop Corp. and AMC Entertainment Inc. late Thursday. “There are currently no temporary limits to increasing your positions,” Robinhood’s website said Thursday night. Last week, Robinhood sparked fury — and lawsuits — from some users by restricting trading of 50 highly volatile stocks that were heavily shorted. That list […]

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