_amc-entertainment-shares-soar-over-135-as-roaring-kitty-returns-to-short-seller-trading-but-one-analyst-remains-neutral.jpg "AMC Entertainment Shares Soar Over 135% as Roaring Kitty returns to Short-Seller Trading, But One Analyst Remains Neutral. from kg sg sales Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:36
👁 View: 910K times
✓ Published: 17-May-2024
👁 View: 910K times
✓ Published: 17-May-2024
Description:
AMC Entertainment shares rallied over 135% in the first two days of the week due to a resurgence of meme stock trading fueled by Roaring Kitty's return. However, Barrington analyst James Goss maintained a Neutral rating, noting AMC's Q1 revenue fell slightly. Box office revenues in April were down around 50% and May box office sales have been sluggish compared to 2023 levels. Goss expects the challenging environment for AMC to persist through most of 2024 before potentially rebounding in 2025.
AMC Entertainment shares rallied over 135% in the first two days of the week due to a resurgence of meme stock trading fueled by Roaring Kitty's return. However, Barrington analyst James Goss maintained a Neutral rating, noting AMC's Q1 revenue fell slightly. Box office revenues in April were down around 50% and May box office sales have been sluggish compared to 2023 levels. Goss expects the challenging environment for AMC to persist through most of 2024 before potentially rebounding in 2025.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_marks-amp-spencer-reveals-better-than-expected-surge-in-annual-profits.webp "Marks & Spencer has revealed a better-than-expected surge in annual profits after buoyant sales across its food halls and clothing arm as the group’s turnaround plan pays off. The retail bellwether reported a 58 per cent hike in underlying pre-tax profits to £716.4m for the year to March 30.")
_should-you-buy-silver-bars-or-coins-my-silver-dealer-weighs-in-too.webp "Yankee Stacking")
⏲ 15 minutes 18 seconds 👁 167.8K
_what-does-27320-sqft-of-land-in-a-good-class-bungalow-look-like-124-singapore-property.webp "JANYS")
⏲ 13 minutes 22 seconds 👁 20.2K
_fans-react-to-taylor-swift-stepping-into-the-marvel-cinematic-universe.webp "Taylor Swift, already idolized by her fans, might soon step into the superhero realm for real. The pop sensation, known for her record-breaking sales and historic Eras Tour—which even caused seismic activity at Seattle's Lumen Field—has an estimated net worth of $1.1 billion. On May 20th, news emerged that Swift is in discussions to join the Marvel Cinematic Universe. Although specifics about her potential role remain uncertain, the buzz ignited swift fan reactions. Some believe her involvement could boost theater attendance, while others question her acting chops or humorously anticipate her battling Thanos.")
_the-28-year-old-female-fishmonger-making-waves-in-singapore39s-wet-market-scene.webp "OGS")
⏲ 3 minutes 25 seconds 👁 22.2K
_behind-the-numbers-astrazeneca-aims-for-sales-of-3680-billion-by-2030.webp "The Anglo-Swedish pharmaceutical company is aiming for sales growth of 75% over 7 years. How does it intend to achieve this? <br/>")
_14-years-of-buying-gold-and-silver-here39s-what-i39ve-learned.webp "2 is 1")
_gatling-pea-and-cab-canon-vs-very-hard-zombies.webp "Gaming PVZ")
_marks-amp-spencer-reveals-better-than-expected-surge-in-annual-profits.jpg)
_should-you-buy-silver-bars-or-coins-my-silver-dealer-weighs-in-too.jpg)
_what-does-27320-sqft-of-land-in-a-good-class-bungalow-look-like-124-singapore-property.jpg)
_fans-react-to-taylor-swift-stepping-into-the-marvel-cinematic-universe.jpg)
_the-28-year-old-female-fishmonger-making-waves-in-singapore39s-wet-market-scene.jpg)
_behind-the-numbers-astrazeneca-aims-for-sales-of-3680-billion-by-2030.jpg)
_14-years-of-buying-gold-and-silver-here39s-what-i39ve-learned.jpg)
_gatling-pea-and-cab-canon-vs-very-hard-zombies.jpg)
![[+]](/images/menu.gif){kind=small}