AMC Stock Recent News
AMC LATEST HEADLINES
Citi (NYSE: C ) price target cuts often get outsized attention, especially considering the recent $6.4 trillion global stock market meltdown. The bank expects global GDP growth to drop to 2.2% in 2024 and then increase to 2.8% in 2025 under its “Slow Then Grow” thesis for 2024; Citi predicts the U.S. will lead the worldwide resurgence even if the economy slows down.
It's been quite a volatile few years in the market following the pandemic. The rise of the meme trader, sparked by incredible moves in two of the stocks I'm going to discuss as sells below, created a whole entirely new group of retail investors.
The Russell 2000 index is a collection of the smallest 2000 stocks within the overall Russell index. It is a controversial pick for many investors.
AMC Entertainment's (NYSE: AMC ) second-quarter results strongly indicate it is being badly victimized by slowing consumer spending and the continued decline of the U.S. movie theater sector. Although AMC's financial performance could improve somewhat in the medium term, the firm still in all likelihood won't generate the strong profits needed to stave off eventual disaster for investors.
Meme stock traders might root AMC Entertainment (NYSE: AMC ) stock and its famous CEO, Adam Aron. However, it's important for sensible investors to look closely at the actual data because there's no reason to expect it to return to its 2021, 2022 or even 2023 price levels.
AMC Entertainment stock is still in trouble. It has dropped by almost 18% this year, underperforming the broader financial market by far as the Nasdaq 100 and S&P 500 indices have risen by over 10%.
AMC Entertainment Holdings, Inc. AMC has had a wild year, with its stock plunging 88.44% over the past year and 18.30% year-to-date.
The stock market is starting to lose steam. After a record run, equities have turned sharply lower over the past few weeks.
Anyone who's read my commentary about AMC Entertainment (NYSE: AMC ) in recent years knows I'm as bearish as they come regarding AMC stock. As a result, some even send me hate emails.
NEW YORK, Aug. 09, 2024 (GLOBE NEWSWIRE) -- AMC Networks Inc. ("AMC Networks" or the "Company") (NASDAQ: AMCX) today reported financial results for the second quarter ended June 30, 2024.