AMC is playing to the Reddit crowd

CNN2021-08-11

A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign upright here. London (CNN Business)If there was ever any doubt that individual ...

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Comments

pekss
2021-08-11
pekss
Need a strong heart to play this stock: premarket up 9.7%, but down 6% at market close.
Rickyt089
2021-08-11
Rickyt089
Like plz
wltan
2021-08-11
wltan
Ok
- wltan:
  Ok
Charging
2021-08-11
Charging
[微笑]
- wltan:
  Ok
erickhoosg
2021-08-11
erickhoosg
Amc really cmi. Dropping every single day. Hello what's wrong with ya
- Cryotan:
  comment
alaric
2021-08-11
alaric
Yesss

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Not a subscriber? You can sign upright here.\nLondon (CNN Business)If there was ever any doubt that individual ...</p>\n\n<a href=\"https://edition.cnn.com/2021/08/10/investing/premarket-stocks-trading/index.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AMC","symbol_name":"AMC院线","start_time":0,"source_url":"https://edition.cnn.com/2021/08/10/investing/premarket-stocks-trading/index.html","article_id":"1110343727","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1110343727","pubTimestamp":1628647698,"sourceInfo":null,"weMediaInfo":null,"summary":"A version of this story first appeared in CNN Business' Before the Bell newsletter. 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You can sign upright here.\nLondon (CNN Business)If there was ever any doubt that individual investors are apowerful new forceon Wall Street,AMC Entertainment(AMC)CEO Adam Aron may just have silenced the skeptics.\nThe latest: On the company's earnings call Monday, Aron made it very clear through his choice of words — and downright flattery — that he views retail investors as crucial to themovie theater chain's fortunes.It's not altogether surprising, given that AMC — which had toclose all of its cinemasduring the peak of the pandemic last year — has been a major beneficiary of thememe stock phenomenon, in which retail investors pour billions of dollars into often troubled companies.The company posted a loss for the three months ended June, but it was narrower than analysts expected and revenue came in ahead of forecasts.\n\"In short, AMC crushed it in Q2,\" Aron said on the call, adopting the Reddit crowd's lingo. Later, Aron highlighted the fact that AMC has implemented some of the \"great ideas\" that individual investors have \"showered\" it with, including screening professional sporting events and concerts.\nHe answered around a dozen questions submitted by individual investors. \"Can you guys make the AMC mascot officially a gorilla?,\" Aaron asked, reflecting the tendency of Reddit investors to refer to each other as \"apes.\" \"Would AMC ever consider reestablishing drive-in theaters?,\" Ryan wanted to know.\nBy comparison, Aron took questions from just one analyst — down from about six a year ago — blaming time constraints for cutting it short.\nThe reaction: The stock gained Monday and is up nearly 9% premarket. AMC's newest shareholders raved about Aron's performance on social media platforms such as Reddit afterwards. \"Silverback Adam crushed the earnings call. If you're \"in this to win this\", you should listen to it,\" wrote one observer on Twitter.\nWhat it means: Individual investors matter and companies are embracing them for good reason.\nAMC's stock is up over 1,500% so far this year and it was able to raise $587 million in June as meme traders piled in, even though none of the analysts who cover the company recommend buying the stock and theater attendance remains way below pre-pandemic levels.\nWatch this space: Playing to another online crowd favorite, AMC announced that it would start rolling out technology to let moviegoers in the United States pay for their tickets and snacks in bitcoin by the end of the year.\nIt is also buying up American theaters and plans to open about a dozen new venues in the United States, Europe and the Middle East this year, betting that consumers will return to the movies once the pandemic subsides.\n\"We fundamentally believe that ours is a future that is bright because there is nothing as magical as seeing dazzling images on a huge silver screen,\" Aron said on the call.\nCompanies have nowhere to hide on climate\nBusinesses that don't have a plan in place to cut their carbon emissions may soon find themselves on the receiving end of shareholder revolts.\nWhat's happening: On Monday, the United Nations' Intergovernmental Panel on Climate Change warned the world has rapidly warmed 1.1 degrees Celsius higher than pre-industrial era levels and is now careening toward 1.5 degrees — a critical threshold with dire global consequences.\nThe shocking assessment will only increase pressure on companies to scale up climate action in order to reach the goals of the Paris Agreement.\n\"The science is crystal clear but the response is not. Investors must use their influence to push decision makers to make the bold emission reductions required to limit the most severe consequences of climate change,\" Wai-Shin Chan, global head of environmental, social and governance research at HSBC (HSBC), told Reuters.\nSee here: In one of the latest signs of the growing backlash that polluters face, Greenpeace is threatening to sue if Britain green-lights a new crude oil development in the North Sea.\nThe project is co-owned by Siccar Point Energy and Shell (RDSB), which is trying to drum up confidence among shareholders in its plan to make its business greener. The oil producer may need to try harder.\nRead more about the Cambo development controversy here from my CNN Business colleague Julia Horowitz.","kind":null,"is_publish_news":false,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":892219018,"gmtCreate":1628663322634,"gmtModify":1676529813321,"author":{"id":"3581636635898281","authorId":"3581636635898281","name":"pekss","avatar":"https://static.tigerbbs.com/7dfef98c44b3810cffef7f3eb78524ba","vip":1,"crmLevel":5,"crmLevelSwitch":1},"htmlText":"Need a strong heart to play this stock: premarket up 9.7%, but down 6% at&nbsp;market close.","listText":"Need a strong heart to play this stock: premarket up 9.7%, but down 6% at&nbsp;market close.","text":"Need a strong heart to play this stock: premarket up 9.7%, but down 6% at market close.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/892219018","repostId":1110343727,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":892667030,"gmtCreate":1628656469320,"gmtModify":1676529811464,"author":{"id":"3571612770300673","authorId":"3571612770300673","name":"Rickyt089","avatar":"https://static.tigerbbs.com/4e75fb09fa53aa8d7db329d6599d40c1","vip":1,"crmLevel":5,"crmLevelSwitch":1},"htmlText":"Like plz","listText":"Like plz","text":"Like plz","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/892667030","repostId":1110343727,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":892606550,"gmtCreate":1628651860170,"gmtModify":1676529809991,"author":{"id":"3578894182511949","authorId":"3578894182511949","name":"wltan","avatar":"https://static.tigerbbs.com/578ac994ad69614ee393c7c08aca3a38","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/892606550","repostId":1110343727,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5490901,"gmtCreate":1628651869834,"gmtModify":1663232210550,"authorId":3578894182511949,"author":{"id":3578894182511949,"authorId":3578894182511949,"name":"wltan","avatar":"https://static.tigerbbs.com/578ac994ad69614ee393c7c08aca3a38","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":892606550,"type":1,"supId":0,"prevId":0,"content":"<u>Ok</u>","text":"<u>Ok</u>","html":"<u>Ok</u>"}],"langContent":"EN"},{"id":892603493,"gmtCreate":1628651673512,"gmtModify":1676529809776,"author":{"id":"3574924744683779","authorId":"3574924744683779","name":"Charging","avatar":"https://static.tigerbbs.com/bb132b01616074824a4d1a4b8478727e","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"[微笑]&nbsp;","listText":"[微笑]&nbsp;","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/892603493","repostId":1110343727,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5490899,"gmtCreate":1628651856936,"gmtModify":1663232210349,"authorId":3578894182511949,"author":{"id":3578894182511949,"authorId":3578894182511949,"name":"wltan","avatar":"https://static.tigerbbs.com/578ac994ad69614ee393c7c08aca3a38","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":892603493,"type":1,"supId":0,"prevId":0,"content":"<u>Ok</u>","text":"<u>Ok</u>","html":"<u>Ok</u>"}],"langContent":"CN"},{"id":892820551,"gmtCreate":1628649118373,"gmtModify":1676529808745,"author":{"id":"3555190890634141","authorId":"3555190890634141","name":"erickhoosg","avatar":"https://community-static.tradeup.com/news/214f2233bc77c6b216699b3a8ffe2022","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":5,"crmLevelSwitch":1},"htmlText":"Amc really cmi. Dropping every single day. Hello what's wrong with ya","listText":"Amc really cmi. Dropping every single day. Hello what's wrong with ya","text":"Amc really cmi. Dropping every single day. Hello what's wrong with ya","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/892820551","repostId":1110343727,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5490416,"gmtCreate":1628649212522,"gmtModify":1663232208942,"authorId":3554972708514401,"author":{"id":3554972708514401,"authorId":3554972708514401,"name":"Cryotan","avatar":"https://static.tigerbbs.com/5ab7d3628b8e23ea65343104b97a132c","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":892820551,"type":1,"supId":0,"prevId":0,"content":"comment","text":"comment","html":"comment"}],"langContent":"EN"},{"id":892862524,"gmtCreate":1628648814868,"gmtModify":1676529808653,"author":{"id":"3575165357870175","authorId":"3575165357870175","name":"alaric","avatar":"https://static.tigerbbs.com/b25fc239065aa81f222fd3662c8d2d99","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Yesss","listText":"Yesss","text":"Yesss","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/892862524","repostId":1110343727,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":59,"commentSize":11,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1110343727"}