AMC Theatres Stock Rockets 180% Higher as Reddit Investors Embrace Cinema Chain

China's Lunar New Year box office opened with a roar Friday. Wanda Pictures' Detective Chinatown 3 was leading the pack of seven new releases as expected.

Ellise Shafer administratorClaudia Conway is auditioning for a ticket to Hollywood on the upcoming season of “American Idol.”16-year-old Conway, whose parents are former Trump counselor Kellyanne Conway and Lincoln Project co-founder George Conway, quickly became a trending topic on Twitter Monday night after she was featured in a commercial for the singing competition show.“American Idol” then confirmed Conway’s appearance, writing: “You heard that right.

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.

direct to your inboxPolice handed out £800 fines to students in Fallowfield for allegedly holding a 'large gathering' in their common room, the M.E.N can reveal.Officers entered halls of residence accommodation in south Manchester at least twice this weekend to question them over their socialising.Furious parents and students have accused Greater Manchester Police of heavy-handed tactics facilitated by the University of Manchester.Students say police raided the Owens Park halls of residence at

Shares of KuaishouTechnology, China’s second-most popular short-form video app behind TikTok owner ByteDance, rocketed nearly 300 percent Friday in their debut on the Hong Kong stock exchange. Shortly after the opening bell, the stock was selling at more than HK$330, nearly triple the initial public offering list price of HK$115 and valuing the company at $179 billion.

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.

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

AMC Entertainment’s shares took a steep tumble Thursday, not yet a coda to the frenetic activity around the stock market fueled by users on Reddit, TikTok, Robinhood and other social media platforms.AMC’s stock was down more than 50% on Thursday afternoon, one day after it surged more than 300% and skyrocketed to $20.31 per share.

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.

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.

Shares of AMC Entertainment have skyrocketed more than 200% in a wild start to the trading day, recovering to levels not seen since long before the coronavirus pandemic.

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.

The situation in the Conway household appears to be escalating dangerously.

Claudia Conway wants her mom Kellyanne Conway in jail after what happened tonight.

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.