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Cinema chain warns surge in share price is ‘unrelated’ to business fundamentals
The saga keeps on going, and even value ETF investors are involved.
It is a good thing the conglomerate has plenty more assets it can sell
Is all reason dead?
Oil prices maintain their gains following Opec+ meeting
Other ‘meme stocks’ including Bed Bath & Beyond and BlackBerry also post large gains
Trade raises ticklish questions over the impact of corporate announcements on the price of stocks
Plus, AMC’s second rise to meme stock fame, and a Big Four auditor is haunted by its Wirecard past
Hedge fund disclosed $230m in cinema chain and sold it within hours
The activist retail phenomenon has proven it’s here to stay.
Amateur investors are chasing momentum instead of particular sectors
The wall of money chasing yield is reshaping the corporate world
Private equity group pocketed $113m after selling shares in the beleaguered AMC chain
Losses pile up on stocks favoured by army of day traders
The trading platform’s regulatory woes spurred a flurry of venture capital deals
Robinhood says limited trading to resume on Friday after rebukes from users and politicians
Cinema operator’s skyrocketing stock price makes debt-to-equity conversion ‘trade of a lifetime’
Cash injection will allow US-listed business to continue operating ‘deep in 2021’
Amount will give cinema operator enough cash to survive until July, assuming no increase in attendance levels
Hertz and AMC experiences highlight scope for change in US system
AMC Entertainment has reopened venues but audiences are largely staying away
World’s largest operator says attendance has plummeted 85% since reopening of US screens
Group’s April issue has sunk to about 65 cents on the dollar
The rift between cinemas and studios is set to grow deeper in the post-Covid era
International Edition