
Cinemas Stocks Jump as Amazon Reveals Plan to Invest $1B in Theatrical Film Releases
Movie theater stocks popped on the news of the largest financial commitment to cinemas by an internet company Amazon.
Movie theater stocks popped on the news of the largest financial commitment to cinemas by an internet company Amazon.
The lack of blockbuster content this year is putting further pressure on AMC’s revenue. However, the company has enough stockpile to ride through this tough times.
The impressive financial results AMC Entertainment recorded in the first quarter were based on the release of blockbuster movies that people actually wanted to see.
Issuing a digital token by a multinational firm has never been received positively by American regulators.
Earlier, retail investors have favored meme stocks like GameStop and AMC, however, now NVIDIA (NVDA) and Plug Power (PLUG) are on the radar of analysts.
AMC has become the new favorite after GameStop as both shares and other heavily shorted stocks have been pushed to new highs this year.
Besides GameStop, AMC is one of the most shorted stocks on Wall Street.
BUZZ ETF is tracking the price and yield performance of the BUZZ NextGen AI US Sentiment Leaders Index. It includes 75 US stocks with the largest market cap and the highest degree of positive investor sentiment.
Shares of AMC Entertainment rocketed 47% in active pre-market trading today, as it was reported that Amazon is interested in acquiring the struggling movie theater chain.