NEW YORK, June 17, 2024 (GLOBE NEWSWIRE) -- AMC Networks Inc. (Nasdaq: AMCX) (the “Company” or “AMC Networks”) today announced that it intends to offer, subject to market conditions and other factors, $125 million aggregate principal amount of convertible senior notes due 2029 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). In connection with the offering of the notes, AMC Net ...

Among the companies that most directly benefited from the Roaring Kitty-led rally in meme stocks, AMC Entertainment (NYSE:AMC) stock certainly saw the similar sort of move many investors would have expected to see on excitement around the next wave of investor interest in short squeeze stocks.AMC’s recent rally has certainly appeared to be short-lived. After surging above $10 per share approximately one month ago, shares of AMC stock have continued to decline below the $5 level at the time of writing. Indee ...

Growth stocks are names that are anticipated to grow at a rate significantly above the market itself. The companies listed below are expected to grow a great deal by their most zealous advocates. However, the firms profiled in this column are extensively overvalued. These growth stocks to sell are likely to disappoint bulls while their valuations are far too high. Importantly, the valuations of some of these growth stocks to sell have become stretched in recent weeks due to the revival of the meme-stock tre ...

The stock market’s surge continues, with several major market indices making new all-time highs recently.The explosion of artificial intelligence and semiconductor activity has been a windfall for tech industry investors. The possibility of Federal Reserve rate cuts could lift the broader economy as well.While there are plenty of reasons for optimism on the overall market, not all stocks are poised to benefit equally. For example, these seven stocks to sell right now are in deep trouble regardless of the br ...

PM Images The high-yield space has seen many of its holdings recover in recent weeks and months after being beaten down earlier this year. Some of my favorite stocks that I bought aggressively during the dip, like Brookfield Renewable Partners (BEP) and Brookfield Infrastructure Partners (BIP), have rebounded sharply, delivering attractive returns in a short period of time: Data by YCharts Despite this, there are still some very attractive big dividend stocks with solid dividend growth momentum that rem ...

Investors in AMC Entertainment (NYSE:AMC) stock received a welcome surprise from the movie theater operator after it released first-quarter earnings that impressed more than one analyst.Coupled with the revival of meme stock trading enthusiasm and AMC stock has kept a lot of the gains it has made over the past month. With the potential for a few summer blockbusters to hit the theaters in the coming weeks, there is potential for a repeat performance when AMC Entertainment releases earnings in August.Has the ...

Wall Street has been hovering around a record high level, which can trigger overvaluation concerns in some investors’ minds. This is because investors often opt for the stock-picking approach that involves stocks with a low price-to-earnings (P/E) ratio.This strategy is based on the notion that the lower the P/E ratio is, the higher the stock value. The reasoning behind this is straightforward — when a stock's current market price does not adequately reflect its higher earnings, it suggests potential for gr ...

Group 1: Meme Stock Dynamics - Hedge funds are increasingly cautious about retail investors and are utilizing social listening to manage risks associated with short positions, yet opportunities for meme stock rallies remain [1] - GameStop (GME) is a prominent example of a meme stock, known for its significant short squeeze in January 2021, which led to a 1,500% increase in stock price over three weeks [2] - Keith Gill, a key influencer in the GameStop rally, still holds approximately $116 million worth of GME shares, representing about 2% of the total shares [2][3] - The retail investor community has grown, with Keith Gill's followers reaching 1.4 million and the r/WallStreetBets subreddit boasting 16 million members, potentially increasing interest in future GameStop rallies [3] Group 2: GameStop Financial Performance - GameStop reported a 19.44% decline in revenue to $1.8 billion in Q1 2024 compared to the previous year, but profits increased by 30.91% to $63.1 million [3] Group 3: AMC Entertainment Overview - AMC Entertainment (AMC) experienced a remarkable rally in 2021, with a year-to-date growth exceeding 2,600% during a short squeeze in June [4] - AMC has strategically capitalized on retail interest, building a $2 billion war chest for cinema upgrades and offering shareholder perks to encourage long-term holding [5] - In 2024, AMC raised approximately $250 million through the sale of 72.5 million shares and reported a slight revenue decrease of 0.3% to $951.4 million, alongside a reduced net loss of $163.5 million, down by $72 million from the previous year [5] Group 4: BlackBerry's Position - BlackBerry (BB) has struggled to attract retail interest in 2024, experiencing a nearly 20% loss in the first two quarters, following a weaker rally in 2021 [6] - Despite its nostalgic appeal, BlackBerry is attempting to reposition itself as an innovative tech firm, recently announcing a partnership with Databricks to enhance its AI and cybersecurity solutions [6][7] - BlackBerry's Q1 revenue was reported at $373 million, indicating potential for growth if it successfully enters the AI market [7]

Meme stocks are incredibly volatile on Friday as investors react to the latest earnings report from GameStop (NYSE:GME).GameStop failed to impress investors with its first-quarter earnings report. That’s due to its revenue of $881.8 million. This is worse than the $900 million to $1.09 billion that the two analysts covering the company were expecting.Also not helping matters is GameStop posting a loss of $32.3 million during the quarter. However, it is better than its loss of $50.5 million from the same per ...

AMC Entertainment (NYSE:AMC) is caught in the crosshairs of meme traders today. AMC stock closed up over 12% yesterday as the shares were boosted by the news that meme stock investor Roaring Kitty was going to appear on YouTube today. However, disappointing first-quarter results posted by GameStop (NYSE:GME) this morning and the company’s plan to sell additional shares of GME stock are pushing AMC’s shares down this morning.A Roaring Kitty Rally Gives Way to a Whimpering DeclineAMC stock rose sharply yester ...