AMC Entertainment Stock Recovers All Pandemic Losses, Tripling In Value

Kyra Sedgewick was in the middle of a heartfelt interview that included questions about parenting and her decades long marriage to Kevin Bacon, when he surprised her in right in the middle of it.The actress was promoting her new show, Call Your Mother, and doing a live Q&A series with fans on Twitter.The questions ranged from show based to more personal questions about Kyra's relationship and parenting.MORE: Kevin Bacon supports Kyra Sedgwick as she opens up about pressures to be

EXCLUSIVE: Three-time Oscar winner Ang Lee has been lauded with the Légion d’honneur (The Legion of Honor), France’s highest order of merit.

Was Chinese conglomerate Wanda Group among the surprise beneficiaries of the recent retail investor frenzy that caused a spike in the stock price of movie theater giantAMC Entertainment? A U.S.-based division of Wanda converted its Class B common stock in AMC to Class A shares on Monday, Feb. 1 "in order to permit sales of its common stock," AMC revealed in a filing with the Securities and Exchange Commission on Friday.

Oscar winner Jennifer Lawrence was injured on the set of the Netflix movie Don’t Look Up, which is in production in and around Boston with Adam McKay directing, after a planned explosion in the early-morning hours of Friday went awry, sending glass flying and cutting Lawrence near her eye.

Kyra Sedgewick and Kevin Bacon have been a beacon of hope for a perfect, successful relationship in Hollywood for over 32-years, but the actress is opening up that actually being perfect - is simply impossible. The Call Your Mother actress posted a video to Instagram, opening up about the pressures she and many women face in their lives - the pressure not just to be perfect, but to look perfect doing it. Kevin re-shared Kyra's clip to his own Instagram account.MORE: Kyra Sedgwick gives tour

EXCLUSIVE: Emmy and Golden Globe-nominated actress Gloria Reuben has joined Echo Lake Entertainment for management in all areas.

UGH.

Shares of AMC Entertainment are down nearly 40% today on another wild ride, reversing gains after an explosion of support by retail traders that started last week catapulted stock of the pandemic-pummeled chain to levels not seen since 2017.

AMC Networks, the owner of AMC, IFC, Sundance Channel and BBC America, is making a strategic investment in Canadian indie producer Shaftesbury, maker of the long-running family drama Murdoch Mysteries. Financial terms of the deal were not disclosed, but Shaftesbury CEO and chairman Christina Jennings, who will continue in the top post, told THR that AMC Networks was making a "significant and strategic" investment in her company, which would remain Canadian owned and controlled.

Also Read: Inside AMC's Wall Street Surge: A 'David Vs Goliath' Reddit BattleMKM Partners analyst Eric Handler, in a note to clients this week, added to the grim picture, saying AMC’s share price could slip down to $1 per share this year, per Marketwatch.

Shares of the happiest of exhibitors AMC Entertainment continued an upward trajectory Monday fueled by retail traders on Reddit chat rooms, even as a leading Wall Street analyst downgraded the stock to ‘sell’ and valued it at $1.

Also Read: Robinhood Slapped With Lawsuit for 'Manipulating' GameStop TradesAMC’s wacky week on Wall Street, via GoogleBehind its cash infusion and Reddit momentum, AMC surged earlier this week, climbing to nearly $20 per share by the time markets closed on Wednesday. That Reddit momentum also carried over to Twitter, where users had been using the hashtag #SaveAMC as a rallying cry.

Todd Spangler NY Digital EditorA surge of buying in stocks including AMC Entertainment and GameStop — triggered by activist retail investors on Reddit and other social platforms — this week overwhelmed no-fee investment app Robinhood’s ability to cover the frenzied trading.After Robinhood on Thursday suspended buying of shares in AMC, GameStop, BlackBerry and 10 other volatile stocks, the company raised an emergency $1 billion in funding from investors including VC firms Sequoia Capital and

Reddit-pumped stocks from AMC Entertainment to GameStop fell Thursday as the rest of the market soared – a reversal of the day before when retail traders in crowded chat rooms joined forces to push selected names skyward and sent the market into conniptions.

As the stock price of movie theater giant AMC Entertainment surged on Wednesday, the private equity firm Silver Lake used the volatility to its advantage. In 2018, Silver Lake,invested $600 millioninto AMC via a debt offering due in 2024.

AMC Entertainment said Silver Lake Group is converting $600 million worth of the theater chain’s debt that it holds into stock at a conversion price of $13.51 a share, a surprise all around considering the exhibitor’s shares were languishing below two bucks earlier this month.

block users from buying new shares of AMC, GameStop and other companies that have been pushed higher thanks in large part to the Wall Street Bets forum on Reddit, which has been championing the stock in recent days.“We continuously monitor the markets and make changes where necessary,” Robinhood said in a statement on its website.

Shares in the movie theater giant AMC Entertainment surged on Wednesday, driven by casual traders spurred on by Reddit's "r/Wallstreetbets" community, TikTok, and other social platforms. "SaveAMC" was one of Twitter's top trending topics Wednesday morning, driven by users of those platforms.

Also Read: AMC Theatres Has Raised $917 Million to Weather 'Dark Coronavirus-Impacted Winter'The push higher for AMC’s stock has also been spurred on by the company becoming a popular “meme stock” on the Wall Street Bets Reddit forum, where investors are betting on companies like AMC that have been heavily shorted, or bet against, by large hedge funds.