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Of the 11 S&P 500 sector indexes, seven declined, led lower by industrials (.SPLRCI), down 2.25%, followed by a 1.72% loss in energy (.SPNY). The S&P 500 declined 0.58% to end the session at 4,100.68 points, closing lower for the first time in a week. The Nasdaq declined 0.52% to 12,126.33 points, while the Dow Jones Industrial Average declined 0.59% to 33,403.04 points. REUTERS/Brendan McDermidHealthcare (.SPXHC) and utilities (.SPLRCU), which many investors expect to hold up better during an economic slowdown, were among the few S&P 500 sector indexes gaining on Tuesday. The S&P 500 posted 14 new highs and one new lows; the Nasdaq recorded 64 new highs and 238 new lows.

☆ AMC stock slumps, 'APEs' jump after litigation deal
▼ + stars: | 2023-04-03 | by ( ) www.reuters.com time to read: +2 min

April 3 (Reuters) - AMC Entertainment Holdings Inc (AMC.N) shares tumbled 24% in extended trade on Monday, while its preferred shares jumped 21% after the movie theater chain said it agreed to settle litigation and proceed with converting its preferred stock into common shares. The preferred shares have lost over 70% since they were issued in August as part of a plan to pay down the company's debt. AMC said that as part of the settlement, it has agreed to pay the plaintiffs one share for every 7.5 shares they own. Shareholders voted last month in favor of increasing the total number of authorized shares and carrying out a one-for-10 reverse stock split as part of a plan to convert its preferred shares into common shares. AMC listed the preferred shares under the symbol "APE" in a nod to Reddit's wallstreetbets stock trading forum, where participants often describe themselves as apes.

☆ AMC Entertainment shares jump on report Amazon exploring a deal
▼ + stars: | 2023-03-28 | by ( ) www.reuters.com time to read: +1 min

March 28 (Reuters) - Shares of AMC Entertainment Holdings Inc (AMC.N) jumped more than 18% on Tuesday, set for their biggest gain in a month, after a report that ecommerce giant Amazon.com Inc (AMZN.O) was looking to buy the theater chain. Amazon founder Jeff Bezos has dispatched his investment advisers and top entertainment chiefs to explore acquisition plans for AMC, The Intersect reported, citing sources familiar with the discussions. AMC and Amazon did not immediately respond to Reuters requests for comment. AMC's shares, which posted a 12-fold jump in 2021 in a Reddit-fueled surge, have gained about 11% this year to Monday's close. Reporting by Tiyashi Datta and Akash Sriram in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

☆ GameStop's surprise profit triggers short squeeze, meme stocks rally
▼ + stars: | 2023-03-22 | by ( Medha Singh | ) www.reuters.com time to read: +3 min

AMC and GameStop were at the heart of a meme-stock frenzy in 2021 driven by small investors coordinating on social media. Among other highly shorted meme stocks, Koss Corp (KOSS.O) climbed 9.5%, Bed Bath & Beyond (BBBY.O) reversed course to slip 1.3%, while the Roundhill MEME ETF (MEME.P) rose 4.2%. "Luckily, this go around is not due to meme investors, but an actual tangible fundamental event," said David Wagner, portfolio manager at Aptus Capital Advisors. SOURING SHORT BETSWhen there is a rush of demand from short sellers looking to exit their bearish bets amid a rise in a stock's price, it pushes prices even higher, resulting in a short squeeze. Another favorite among retail investors - Carvana Co (CVNA.N) - jumped 22% after the used-car retailer said it expects a smaller core loss in the current quarter.

☆ GameStop jumps after swinging to profit, ignites rally in meme stocks
▼ + stars: | 2023-03-22 | by ( ) www.reuters.com time to read: +1 min

March 22 (Reuters) - Meme stock GameStop Corp (GME.N) jumped nearly 40% in premarket trading on Wednesday after the video game retailer posted its first profitable quarter in two years, igniting a surge in other stocks popular among retail traders. GameStop posted an adjusted profit of 16 cents per share for the fourth quarter, compared to a loss of 47 cents a year ago, helped by a tight lid on costs including job cuts. Other popular stocks among retail traders also rose, with AMC Entertainment Holdings Inc (AMC.N) gaining 10%, while Bed Bath & Beyond (BBBY.O) added 11%. The high interest rate regime of the past year has roiled stock markets, with speculative areas of the market such as meme stocks taking a severe blow. GameStop shares slid 25% in the past 12 months, compared to a 10.3% slide in the S&P 500 (.SPX).

☆ Fact Check-CNBC did not publish article linking U.S. movie theatre group AMC to Silicon Valley Bank collapse
▼ + stars: | 2023-03-15 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

Social media users are sharing a screenshot of a purported CNBC report that links U.S. movie theater chain AMC Entertainment Holdings Inc to the Silicon Valley Bank (SVB) collapse, but the CNBC report is fabricated. There is no record of the alleged article on the CNBC website and a spokesperson for CNBC told Reuters that it had never published such a report. Differences between the alleged article shared on social media and a real article by Macheel can be seen in this comparison, with the fake article on the left and the authentic one on the right (imgur.com/a/QYUbddc). There is no record of the fabricated article on the CNBC website and a CNBC spokesperson outlet told Reuters that it had never published such a report. Read more about our work to fact-check social media posts (here).

☆ Rise of the APEs, Coming to a Theater Chain Near You
▼ + stars: | 2023-03-15 | by ( Spencer Jakab | ) www.wsj.com time to read: 1 min

AMC senior managers such as CEO Adam Aron have undertaken sales of the movie-theater chain’s stock. Tuesday was a lousy day to be an ape and a pretty decent one for some of their sworn enemies. To be clear, the primates involved are all humans. “Apes” are social-media-inspired retail shareholders who took their nickname from the “Planet of the Apes” films—the remakes, not the 1968 original starring Charlton Heston . They are lovers of meme stocks like AMC Entertainment Holdings Inc. and haters of hedge funds.

☆ Wall Street ends green as inflation cools, bank jitters ebb
▼ + stars: | 2023-03-14 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

Financial stocks clawed back some losses, with the S&P 500 Banks index (.SPXBK) coming back from its steepest one-day sell-off since June 2020. Bank contagion fears were allayed on Tuesday as reassurances by U.S. President Joe Biden and other global policymakers vowed the crisis would be contained. Even so, inflation has a considerable way to go before approaching the central bank's average annual 2% target. [1/4] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 14, 2023. The S&P 500 banking index (.SPXBK) reclaimed territory lost to Monday's plunge, its biggest one-day drop since June 2020.

☆ AMC tumbles as shareholders approve plan to convert APE preferreds
▼ + stars: | 2023-03-14 | by ( ) www.reuters.com time to read: +1 min

March 14 (Reuters) - Shares of AMC Entertainment Holdings Inc (AMC.N) tumbled about 17% on Tuesday after shareholders voted in favor of converting the company's preferred stock into common shares. The approval of the measures at Tuesday's shareholder meeting comes as AMC faces an April 27 hearing in a lawsuit claiming it circumvented shareholders who were against adding more shares. The preferred shares, which trade under the symbol "APE," have lost over 70% since they were issued in August as part of a plan to pay down the company's debt. The common stock was down 17.3% at $4.51 following the vote, putting it on track for its worst day in almost two years. The preferred shares were up 6.9% at $1.85.

☆ Theater chain AMC falls 8% on worries of slower box-office recovery
▼ + stars: | 2023-03-01 | by ( ) www.reuters.com time to read: +2 min

In the United States and Canada, box office collection was above $11 billion in 2019, but since the COVID-19 pandemic, the numbers have fallen drastically, with 2022 box office numbers coming in at $7.4 billion, the company said. "It will take years to see box office revenues return to 2019 levels, which they may not ever do at all," said Jamie Lumley, analyst at Third Bridge. Wedbush Securities analysts expect 2023 box office to be down 24% from 2019 levels. AMC, however, said it expects box office will not return to pre-pandemic norms before 2024 or 2025 at the earliest. Still, AMC said it would pay down its debt of about $4.95 billion as it continued to raise cash.

☆ Futures rise in positive start to March
▼ + stars: | 2023-03-01 | by ( ) www.reuters.com time to read: +2 min

SummarySummary Companies Futures up: Dow 0.22%, S&P 0.31%, Nasdaq 0.50%March 1 (Reuters) - U.S. stock index futures rose on Wednesday, putting Wall Street on course for a positive start to March, as strong Chinese manufacturing data outweighed concerns that the Federal Reserve's policies will remain restrictive for longer. Traders are pricing in expectations that the Fed will raise rates in coming months to a 5.25%-5.50% range, from the current 4.50%-4.75% range. That's slightly higher than where Fed policymakers in December signaled they would need to take the policy rate. ET, Dow e-minis were up 71 points, or 0.22%, S&P 500 e-minis were up 12.25 points, or 0.31%, and Nasdaq 100 e-minis were up 60 points, or 0.5%. The electric carmaker is readying a production revamp of its top-selling Model Y, Reuters reported, citing people familiar with the plan.

☆ Movie theatre operator AMC's stock surged 23% after a potential legal delay to a plan that could dilute its shares
▼ + stars: | 2023-02-28 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

AMC stock surged 23% on Monday after a judge scheduled a hearing for shareholders suing the company. The stock became popular in 2021 as a meme stock on Reddit. Investors of the movie theatre chain are scheduled to vote on a conversion of the preferred shares to common shares on March 14 — which will increase the pool of common stock and thus dilute the voting power of common shareholders. This boosted market sentiment and sent AMC common shares soaring. Insider's Phil Rosen reported on Thursday that the rally is like the meme stock boom of 2021.

☆ AMC beats revenue estimates as 'Avatar' lures movie fans
▼ + stars: | 2023-02-28 | by ( ) www.reuters.com time to read: +1 min

Feb 28 (Reuters) - AMC Entertainment Holdings Inc (AMC.N) beat Wall Street estimates for fourth-quarter revenue on Tuesday, as box-office hits such as "Avatar: The Way of Water" made movie-goers flock to its theaters during the holiday session. Shares of Leawood, Kansas-based AMC, which operates more than 900 theaters globally, rose 2% in trading after the bell. Revenue for the quarter was $990.9 million, compared to analysts' expectation of $977.7 million, according to Refinitiv IBES data. Net loss widened to $287.7 million, or 26 cents per share, during the quarter ended Dec. 31, from $134.4 million, or 13 cents per share, a year ago. Reporting by Tiyashi Datta in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

☆ Cineworld gets no offer for whole company, warns on shareholders' equity
▼ + stars: | 2023-02-24 | by ( Yadarisa Shabong | ) www.reuters.com time to read: +3 min

It said it had received initial proposals from a number of counterparties but none offered an all-cash bid for the entire company. Cineworld said talks with certain stakeholders about a possible plan of reorganisation were ongoing in parallel with a potential sale of assets, but neither path would see shareholders recover their equity interest. Cineworld had a net debt of $8.81 billion as of June 30, 2022, including lease liabilities, while its cash reserves had dwindled to $131 million. Larger rival AMC Entertainment Holdings (AMC.N) in December had said its talks to buy some theatres owned by Cineworld had fallen through. Sky News reported earlier this month that London-based cinema operator Vue International, with support from two funds, would be among the bidders for Cineworld.

☆ Hedge funds' short-covering of tech bets is 2nd biggest in a decade - banks
▼ + stars: | 2023-02-17 | by ( Carolina Mandl | ) www.reuters.com time to read: +1 min

"The short covering in U.S. tech stocks from Jan 31st to Feb 15th is the second largest in magnitude over any 12-day period in the past decade," Goldman Sachs wrote in a note reviewed by Reuters. JPMorgan also said in a daily note to clients that communication services and information technology stocks had led the short covering in its books on Thursday. Overall, JPMorgan said multi-strategy and equity quantitative hedge funds had led the short covering, while equity long-short funds had been ahead in bets against stocks. Amid stock rises in February, hedge funds were forced to unwind their bets against the shares. read moreReporting by Carolina Mandl in New York; Editing by Bradley PerrettOur Standards: The Thomson Reuters Trust Principles.

Feb 15 (Reuters) - The founder of WallStreetBets, which has been credited with helping ignite investors' frenzy into "meme" stocks, sued Reddit Inc on Wednesday, accusing it of wrongly banning him from moderating the community and undermining his trademark rights. According to the complaint filed in federal court in Oakland, California, Rogozinski applied to trademark "WallStreetBets" in March 2020, one month before his ouster, when the community reached 1 million subscribers. "Jamie was removed as a moderator of r/WallStreetBets by Reddit and banned by the community moderators for attempting to enrich himself. Meme stocks typically gain popularity through discussions, often among inexperienced investors, in online forums such as WallStreetBets and Twitter. The case is Rogozinski v Reddit Inc, U.S. District Court, Northern District of California, No.

☆ AMC to Charge More for Better Movie Theater Seats
▼ + stars: | 2023-02-06 | by ( Dia Gill | ) www.wsj.com time to read: 1 min

New AMC pricing that adjusts ticket prices based on where viewers sit applies to shows after 4 p.m., except on the chain’s Tuesday discount days. Some moviegoers will soon have to pay higher prices for better seats. The theater chain AMC Entertainment Holdings Inc. said Monday it was rolling out a new plan that adjusts ticket prices during peak shows based on where viewers sit. Prime seats in the middle of the theater will come at a premium, while neck-craning front-row seats will cost less.

☆ Hedge funds caught in bigger squeeze than 2021 meme stock frenzy - Goldman Sachs note
▼ + stars: | 2023-02-06 | by ( Nell Mackenzie | ) www.reuters.com time to read: +2 min

LONDON, Feb 6 (Reuters) - Hedge funds betting against stocks globally abandoned those trades last week at the fastest pace since 2015, surpassing the speed of their exodus from the meme stock frenzy two years ago, according to a Goldman Sachs research note. The largest short positions held by hedge funds were in industrials and information technology companies, the Goldman note said. It added that hedge funds also exited many long positions in Asian developing markets and Chinese equities. Meanwhile, after stuttering recoveries during a volatile two years, AMC and GME are now trading above their price levels of Jan. 15, 2021 just before the meme stock frenzy began. Resurgent risk appetite among some investors has also fuelled rallies in the shares of so-called meme stocks since the start of this year, though many analysts are sceptical the recent moves will last.

☆ AMC to price movie tickets based on seating
▼ + stars: | 2023-02-06 | by ( ) www.reuters.com time to read: +1 min

Feb 6 (Reuters) - AMC Entertainment Holdings (AMC.N) will start selling tickets at different prices based on the location of the seat in a auditorium, the theater chain operator said on Monday. It would have three tiers of seating - value, standard and preferred. Value seats are available for free only to members of AMC Stubs, the chain's rewards club. Standard seats will be available at the usual cost of a ticket, while preferred sightline seats, which include select seats in the middle of the auditorium, will be priced higher. In December, AMC said it would raise $110 million in new equity capital through the sale of its preferred stock and proposed a reverse stock split.

☆ Analysis: AMC sets unusual shareholder vote for meme stock sale approval
▼ + stars: | 2023-02-01 | by ( Anirban Sen | ) www.reuters.com time to read: +5 min

loadingNow, AMC is asking shareholders for authorization to further increase its common stock count tenfold. Holders of the preferred stock will be allowed to vote on the matter alongside holders of common stock. "This increases the odds of (the new common stock authorization) passing this time," said Jacob Thomas, a professor of accounting and finance at Yale School of Management. "Given that meme stock speculators can drive prices far from fundamentals, it makes sense for a company like AMC to issue stock when management believes its own stock is overvalued," Harvey said. AMC said in the Jan. 26 filing that it is proposing the conversion of preferred stock to common stock to eliminate the trading discount.

☆ AMC Leaves Saudi Arabia After Falling Behind Local Competitors
▼ + stars: | 2023-01-31 | by ( Rory Jones | ) www.wsj.com time to read: 1 min

AMC’s exit from Saudi Arabia illustrates how the kingdom remains a difficult place for international companies to operate. AMC Entertainment Holdings Inc. will exit its equity partnership in Saudi Arabia, the cinema giant said Tuesday, leaving a market that was once considered the world’s final frontier for cinema but proved hard to dominate. A subsidiary of the Saudi sovereign-wealth fund will acquire AMC’s equity stake in their joint venture, giving it 100% ownership, according to a joint statement from the subsidiary, Saudi Entertainment Ventures, and the American movie-theater chain. The Saudi firm will take over AMC’s operation in the kingdom and franchise it.

☆ AMC Seeks New Lifeline After Meme-Stock Bubble Pops
▼ + stars: | 2023-01-20 | by ( Alexander Gladstone | ) www.wsj.com time to read: 1 min

The meme-stock phenomenon is on its last legs, and no company is feeling the comedown more than movie-theater chain AMC Entertainment Holdings Inc.AMC deftly surfed the meme-stock wave to raise billions of dollars and help it avoid bankruptcy during the pandemic, but its shares have sunk back to roughly where they were trading before the company caught fire in the online trading community. Box-office receipts are falling short, and the meme-stock premium that helped AMC raise fresh capital has all but evaporated.

☆ Bed, Bath & Beyond rebounds in meme-stock rally
▼ + stars: | 2023-01-09 | by ( Stephen Culp | ) www.reuters.com time to read: +2 min

NEW YORK, Jan 9 (Reuters) - Shares of Bed, Bath & Beyond Inc (BBBY.O) rebounded sharply in high volume trading on Monday amid speculation by retail investors that the struggling home goods seller might be a potential acquisition target. As of mid-day, traders had exchanged $114 million worth of the Bed, Bath & Beyond's shares, nearly matching the company's entire stock market value of $157 million, according to Refinitiv data. Bed Bath & Beyond has struggled for years with shrinking sales as it competes against Amazon (AMZN.O) and other rivals, with investors pointing to problems including cluttered stores and an over-reliance on discount coupons. In a filing last week, Bed Bath & Beyond said it expected to show a net loss of $385.8 million for its fiscal quarter ending in November, including $100 million of impairment charges. Of the 13 analysts covering the company, three recommend "hold," eight rate the stock "sell," and two have "strong sell" recommendations.

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☆ AMC CEO Adam Aron Asks Board for Salary Freeze in 2023
▼ + stars: | 2022-12-28 | by ( Dean Seal | ) www.wsj.com time to read: 1 min

CEO Adam Aron won’t take a raise, but he did say AMC will increase pay for its hourly theater employees next year. AMC Entertainment Holdings Inc. Chief Executive Adam Aron has asked the company’s board to freeze his compensation in 2023 following a painful year for the theater chain’s share price. Mr. Aron said in a string of tweets Tuesday that he has asked the board to freeze his target cash and stock pay in 2023, saying he didn’t “want ‘more’ when our shareholders are hurting.”

U.S.-listed shares of Chinese firms such as JD.Com Inc , Alibaba Group Holding Ltd and Pinduoduo Inc (PDD.O) climbed around 2% each in premarket trading. With a handful of trading sessions left this year, investors are hoping for a so-called "Santa rally" at the end of what has been a largely disappointing month for U.S. equities. Economic data so far has offered little hope that the Fed could hit the brakes on its interest rate hikes. ET, Dow e-minis were up 147 points, or 0.44%, S&P 500 e-minis were up 12.5 points, or 0.32%, and Nasdaq 100 e-minis were up 5 points, or 0.05%. Reporting by Amruta Khandekar and Ankika Biswas in Bengaluru; Editing by Vinay Dwivedi and Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

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