$AMC Entertainment(AMC)$ AMC (-To The Moon - Tiger Brokers Online Investing Community - To The Moon

$AMC Entertainment(AMC)$

AMC (AMC) CEO Adam Aron responded to the news in a tweet on Thursday, writing that the theater chain is "quite optimistic and confident in our future" — despite Cineworld's woes.

AMC's stock is down about 30% year-to-date.

Britain's Cineworld Group (CINE.L), the parent company of Regal Cinemas, is preparing to file for bankruptcy after struggling to climb back from pandemic lows, according to The Wall Street Journal.

Share plunged on the news, down more than 50% in early morning trading.

The report added that the company, which acts as the world’s second largest cinema chain, has engaged lawyers from Kirkland & Ellis LLP and consultants from AlixPartners to advise on the bankruptcy process.

It is expected to file a chapter 11 petition in the United States and is considering filing an insolvency proceeding in the U.K.

The stock fell to its lowest level following the announcement, plunging as much as 61% on the day.

Cineworld has run up debt of more than $4.8 billion after losses accelerated during the pandemic, according to the Guardian.

💰 Stocks to watch today?(23 Dec)

1. What news/movements are worth noting in the market today? Any stocks to watch? 2. What trading opportunities are there? Do you have any plans? 🎁 Make a post here, everyone stands a chance to win Tiger coins!

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Comments

Derrickola
2022-08-31
Derrickola
short squeeze for amc. I think it's unsustainable in long run
TKPK
2022-08-20
TKPK
thanks for sharing 👍
AE2
2022-09-02
AE2
long, its gling to 40 dollar
silverkapow
2022-09-02
silverkapow
$AMC Entertainment(AMC)$ bear
SalTheFun
2022-08-20
SalTheFun
Good news for One but no the other
Targarean
2022-08-20
Targarean
AMC all the way

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What news/movements are worth noting in the market today? Any stocks to watch? \n2. What trading opportunities are there? 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👍","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":103735617,"commentId":"103735617","gmtCreate":1662119342715,"gmtModify":1663258028234,"authorId":4104406149093920,"author":{"id":4104406149093920,"idStr":"4104406149093920","authorId":4104406149093920,"name":"AE2","avatar":"https://community-static.tradeup.com/news/936b603ad820012fc76e5eb573cd7224","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9998685865,"objectIdStr":"9998685865","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"long, its gling to 40 dollar","text":"long, its gling to 40 dollar","html":"long, its gling to 40 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</a><u>bear</u>","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":103512672,"commentId":"103512672","gmtCreate":1660982151781,"gmtModify":1663256918927,"authorId":3579809773434763,"author":{"id":3579809773434763,"idStr":"3579809773434763","authorId":3579809773434763,"name":"SalTheFun","avatar":"https://static.tigerbbs.com/69c72146aa04d3efddd999f936505379","vip":1,"crmLevel":8,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9998685865,"objectIdStr":"9998685865","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"<span class=\"s1\">Good news for One but no the other</span>","text":"<span class=\"s1\">Good news for One but no the other</span>","html":"<span class=\"s1\">Good news for One but no the 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