AMC Theatres Shares Just Plunged More Than 50%. What’s Next for Stocks Roiled by Reddit?

St Johnstone in time for the Perth club's date with destiny in the Betfred Cup Final. The midfielder went off injured in the first half of Saints' match against Rangers earlier this month and was looking doubtful for the clash against Livingston at Hampden Park on February 28.

Mariah Carey has shared a sultry Valentine’s Day gift in the form of an intimate performance of her smash hit ‘We Belong Together’. Scroll down for the video.The undisputed Queen of Holidays released the revamped track yesterday (February 13), referring to it as “Mimi’s Late Night Valentine’s Mix.”“Believe it or not, we actually recorded a 7 minute version of this song,” she teased on Instagram.

Bring on the romance! Whether it’s wine nights or cooking with loved ones, celebrities have learned how to spice up date night amid the coronavirus pandemic with fun at-home activities.

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.

Kemar Roofe has received a two-match ban for a tackle in the match against St Johnstone last Wednesday despite an appeal.The English striker was pulled up by a three-person disciplinary panel after a challenge on midfielder Murray Davidson on the stretch.The tackle was deemed worthy of a yellow card at the time by referee David Munro but that prompted further action from the governing body.Ibrox manager Steven Gerrard believed there was little intent behind Roofe's actions and confirmed the club

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.

Victoria Theatre, SalfordThe beautiful terracotta facade of the Victoria Theatre is overrun with vegetation, and the Grade II-listed building has been a target for vandalism over the years.There are fears that the roof needs to be urgently repaired to prevent permanent damage to the building, which the Theatres Trust hopes could be converted into a multi-purpose space.In January 2021, Theatres Trust applied to Historic England to upgrade the listing of the Victoria from II to II* as it is the

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.

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.

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.

Yesterday, AMC Theatres rejoiced as the company announced that it has secured enough funding (nearly $1 billion) to keep afloat during the pandemic and well into 2021. But that doesn’t mean the company thinks everything in the film industry is going really well right now, as more studios push films out of spring and into the second half of the year.

While AMC Theatres, Regal Cinemas, and other major theater chains were hoping that 2021 would usher in a return to “normalcy” when it comes to people heading out to the cinema to watch a film on the big screen, it’s clear that’s not happening. In fact, we’ve seen studios already announce more delays that see most major films moving to the second half of 2021, indicating that theater chains are in for another rough six months, at least.

Cinema giant AMC Theatres has unveiled a new European financingdeal, raising more than $400 million to help the company through a difficult period with additional liquidity amid the continued coronavirus pandemic. "This means that any talk of an imminent bankruptcy for AMC is completely off the table," said president and CEO Adam Aron.

Also Read: AMC Theatres Says It Will Be Out of Cash by Early 2021, Stock Price Plummets“Today, the sun is shining on AMC.