Shares of the movie theater firm have fallen 98% from their meme-stock highs of 2021.
Meme-trader enthusiasm may be helpful for raising cash through stock sales, but the buzz still hasn’t done enough for the companies’ bottom lines. That’s clear from GameStop’s new earnings report and from the latest moves at AMC Entertainment, which said earlier this week it planned to sell up to 40 million shares at market prices.
GameStop shares initially fell in Thursday morning trading, but ultimately closed 0.8% higher. The firm reported on Wednesday an adjusted quarterly net loss of $9 million. AMC’s operational struggles were closely tied to the pandemic. Covid-19 shutdowns and a slower return to theaters weighed on the firm’s profits. But stocks sales—after the meme rally—helped it weather the storm. Though the firm hit a ceiling in how many shares it could sell without shareholder approval, it navigated around that by issuing preferred equity units to stockholders that voted in favor of expanding the amount of authorized shares and converting the units to common shares.
Newsletter Sign-up GameStop, meanwhile, faced an uncertain future before it became a meme stock. The firm had weathered executive turnover and a transition in the games industry to digital goods that presents an existential threat to GameStop. GameStop is once again facing similar odds, including a CEO firing earlier this year, though its balance sheet has improved with help from at-the-market stock sales after shares took off in 2021.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Stock Market News Today: Dow Falls More Than 200 Points; AMC Stock in FocusLive coverage of what's moving stocks and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite
続きを読む »
AMC Stock Falls, on Pace for Record Low, After Announcing Share SaleShares of AMC Entertainment traded sharply lower Wednesday after the company announced a plan to sell up to 40 million common shares. The stock was recently down more than 35% at below $9, on pace for a record closing low. AMC said it plans to use the proceeds to bolster liquidity and repay debt,
続きを読む »
AMC stock falls 4.2% premarket after plunging to a record-low closeAMC stock ended Wednesday’s session down 36.8% at a record-low close of $8.62
続きを読む »
AMC stock tumbles after filing prospectus supplement for the sale of up to 40 million sharesShares of AMC Entertainment Holdings Inc. tumbled 13.9% toward the lowest price seen since January 2021 after the movie theater operator disclosed an equity...
続きを読む »
AMC Theatres Stock Tumbles Amid New Share OfferingShares in the mega-exhibitor fell 14 percent in pre-market trading after it filed to sell shares as part of a continuous at-the-market offer.
続きを読む »
AMC shares slide 20% after theater chain announces plan to sell additional stockAMC’s stock fell sharply even though it was widely expected to sell additional shares.
続きを読む »