What’s next for the movie theater operator AMC in-order to provide value to shareholders? The technicals on the stock have been bearish since the peak of January 2021, during the infamous short squeeze. And while many are expecting this type of action to happen on an almost weekly basis it remains unclear how the company will evolve from what it was before the short squeeze.
It also goes without being said how the company will handle price inflations, new conversations about Covid-19, and whether the companies attrition will suffer due to the competitive nature within the workforce trying to fill positions with more incentives.
In addition to the above, shareholders may be wondering, ‘what is up with the $28 million stake in the Hycroft Mining Holding Corp?
AMC is deep in bearish correction territory and now about to fall back below the all important 50 day moving average. Continued downtrend remains the overall sentiment for AMC down to $16 and into the $12 territory.
How do you perceive the below? Would you say AMC is hurting to put butts into seats, or is this a program to try and cash in on retail sales at the registers?
30% OFF the evening ticket price for the same title and ticket type (Adult, Child, Senior, etc.) for showtimes before 4pm at select AMC and DINE-IN locations. Select AMC CLASSIC discount applies to showtimes before 5pm. Prices do not include tax. Offer valid at participating locations only.