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AMC shares hit 52-week low as recent moves and gimmicks fail to win over investors

5th January 20235th January 2023 CNBC

Shares of AMC have fallen more than 85% so far this year, sinking below $4 as of Wednesday afternoon. Branded credit cards and a pay freeze for its CEO have done little to assuage AMC Entertainment shareholders’ growing concerns, as the movie theater chain’s stock hit a fresh 52-week low Wednesday. Shares of AMC have fallen more than 85% so far this year, closing at $3.84 a share on Wednesday. The stock drop comes as the company has devised several plans to raise more capital to pay down its debt, and…

AMC plunges after theater company announces capital raise, proposes reverse stock split

29th December 202225th December 2022 CNBC

AMC Entertainment’s stock fell swiftly Thursday after the company announced a new $110 million capital raise and a proposed reverse stock split that will require shareholder approval. The shares were halted briefly after the opening bell as AMC hit a new 52-week low. The stock recovered from double-digit losses earlier in the day to finish down over 7% at $4.91 a share. AMC is down nearly 82% this year. The company said it plans to raise the new equity through a sale of its APE units – a form of preferred shares…

Taxes on stock trades may surprise new investors

25th January 202221st January 2022 CNBC

This year’s tax filing season begins on January 24. Some new, younger investors may be in for a surprise. Last year’s trading frenzy over “meme stocks,” such as AMC Entertainment and GameStop, could now have an unexpected impact on 2021 tax returns. “Last year was a really interesting year in terms of investors, especially younger investors,” said Apex Fintech Solutions CEO Bill Capuzzi, “what they bought, when they sold, why they bought, why they sold.” Apex, the digital clearing platform for many investing apps, including SoFi and Stash, analyzes about one million trading…