AMC Stock: Do the AMC Bankruptcy Rumors Hold Water?

InvestorPlace2022-12-09

A Reorg report shared by Seeking Alpha sent AMC Entertainment stock down yesterday.According to reports, creditors may be closing in and organizing.Liquidity concerns have raised questions about ...

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Comments

Kerrisdale
2022-12-09
Kerrisdale
Share price dropped below $6. if this persists, the price will drop more.
- Sienta:
  Oh dear hope it gets higher
Stardom
2022-12-09
Stardom
shorts
Singman
2022-12-09
Singman
Like
- cozyli:
  ok
zykron
2022-12-09
zykron
Short short lots
etphonehomezzz
2022-12-09
etphonehomezzz
[Surprised]
rayguy
2022-12-09
rayguy
Short short short
- themonkey:
  ok
- ALai:
  k

Leave a comment

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The movie theater chain has faced plenty of problems recently. Earlier this week, reports alleged that Sam Bankman-Fried’s FTX may have manipulated AMC stock. But as it turns out, AMC may be about to have even bigger problems, although a person familiar with the situation says otherwise.Today, shares are in the spotlight on rumors that the company’s creditors have begun to organize. Reorg reports that both first- and second-lien lenders to whom AMC is indebted are working with restructuring advisors. As investors consider the possibility of bankruptcy for this controversial name, they are forced to ask an important question: is the show over for AMC?This isn’t the only story regarding mobilized creditors recently. Yesterday, Carvana — a fellow struggling meme stock — saw shares plunge on news of a creditor pact. Both stocks have fought hard to stay afloat this year as market forces have pushed them down. 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Until someone directly connected to AMC goes on record and elaborates as to why the company isn’t on the verge of bankruptcy now, though, AMC will be shrouded in uncertainty. The bankruptcy rumors have only reignited concerns.Despite some slight gains over the past month, shares are still down more than 75% year-to-date (YTD). AMC was already poised to close out a disappointing year in the red before bankruptcy rumors started to swirl. Now, the company may be facing Chapter 11 and the possibility of mobilized creditors. This leaves shares with little hope of rebounding. Market momentum doesn’t favor stocks in this kind of position.The Bottom LineEven if the source’s statements prove to be true and second-lien lenders are able to help reduce AMC’s debt, that doesn’t mean shares will suddenly rebound. Even at the height of the meme stock frenzy, AMC remained a questionable investment at best. 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short lots","listText":"Short short lots","text":"Short short lots","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9929031426","repostId":2290236954,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9920774414,"gmtCreate":1670554551539,"gmtModify":1676538392990,"author":{"id":"4133053552811352","authorId":"4133053552811352","name":"etphonehomezzz","avatar":"https://community-static.tradeup.com/news/ab7413adc946080bffc7f7588ddcfe34","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"4133053552811352","authorIdStr":"4133053552811352"},"htmlText":"[Surprised]&nbsp;","listText":"[Surprised]&nbsp;","text":"[Surprised]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9920774414","repostId":2290236954,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9920771865,"gmtCreate":1670553931757,"gmtModify":1676538392780,"author":{"id":"3578825237066036","authorId":"3578825237066036","name":"rayguy","avatar":"https://static.tigerbbs.com/014543af7576ed5edbcbdeffd50f27eb","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":1,"crmLevelSwitch":1,"idStr":"3578825237066036","authorIdStr":"3578825237066036"},"htmlText":"Short short short","listText":"Short short short","text":"Short short 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