![]() ![]() Game Short: Trevor Noah channels Margot Robbie in 'The Big Short' with bubble bath explainer on GameStop stocks Meme stock madnessĪMC was one of a suite of companies swept up in the 2021 meme stock market, where retail investors purchased stocks shorted by institutional investors. I repeat, to protect AMC’s shareholder value over the long term, we MUST be able to raise equity capital,” Aron wrote in a statement published to his Twitter account Sunday. “AMC must be in a position to raise equity capital. In response to the judgment, Aron emphasized his belief that the company needs financial flexibility. Approximately 2,850 purported shareholders contacted the court on the matter. The plan was rejected by Delaware judge Morgan Zorn who stated that the plan did not account for the rights of shareholders not included in the lawsuit. The conversion was part of an agreement to settle a lawsuit against the company by Allegheny County Employees’ Retirement System claiming that the board breached its fiduciary duty. Court holds stock conversionĪnother factor in the stock’s uptick was a Delaware State Court decision that prevented the company from converting equity stock into common stock. ![]() “('Barbie' and 'Oppenheimer') demonstrated that well-made, well-marketed films that captivate audiences can open on the same weekend and both enjoy great success,” AMC Chairman and CEO Adam Aron said in the release. The "Barbenhimer" Saturday only fell behind the opening Saturday for "Avengers: Endgame." The company credited consumers who took in the pair of highly-anticipated films as a double feature, noting that 87,000 of their Stubbs reward program members booked a double bill.ĪMC Theaters also saw the second-highest concessions sales in the company’s history on Saturday. Nearly 8 million moviegoers went to an AMC theater throughout the world this weekend, making it the most attended weekend since 2019. The 'Barbenheimer’ phenomenon: How a movie meme inspired the 'crazy, weird' double feature 'Barbenheimer' buoys sentimentĪMC saw the most people fill its theaters in over three years, the chain announced in a press release on Monday. The surge is the latest peak on a rollercoaster ride for the ticker that has moved the company from nearly $2 per share to a meme king and back to single digits. "Oppenheimer" brought in $82 million this weekend, according to The Hollywood Reporter. "Barbie's" opening weekend brought in $162 million domestically, the largest opening weekend domestic box office for a female-directed film ever. PERSONALIZED ITEMS ARE FINAL SALE AND CANNOT BE RETURNED OR EXCHANGED The M Jewelers 14kt gold 14KT WHITE GOLD 14KT YELLOW GOLD AVAILABLE character discount GOLD VERMEIL made-to-order PDQ_Personalized personalized necklace sterling silver ///cdn/shop/products/IMG_5299-Edit.jpg?v=1659978402 ///cdn/shop/products/THEM21384.jpg?v=1659978402 ///cdn/shop/products/emmabubble.jpg?v=1659978401 39412178812990 GOLD VERMEIL 10116.00 ///cdn/shop/products/_SHOT_070_006.jpg?v=1659978402 InStock GOLD VERMEIL 39412178845758 STERLING SILVER 10116.00 ///cdn/shop/products/emmabubble.jpg?v=1659978401 InStock STERLING SILVER 39412178878526 14KT YELLOW GOLD 48707.00 ///cdn/shop/products/_SHOT_070_006.jpg?v=1659978402 InStock 14KT YELLOW GOLD 39412178911294 14KT WHITE GOLD 48707.00 ///cdn/shop/products/emmabubble.AMC Entertainment Holdings (AMC) stock closed up 33% at $5.85 on Monday – the first trading day after the blockbuster opening weekends of "Barbie" and " Oppenheimer" and a ruling against the movie theater chain's board on stock conversion. *14KT gold items can take anywhere up to 20 business days to complete before shipping *All personalizations will be produced in the manner your name, word, or phrase has been entered Metal Type: Multiple metal options available Selecting expedited shipping will not prioritize the order Please place your custom orders accordingly with enough time to be made and shipped. This item spends an estimated 8-14 business days in production before shipping. ![]()
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