AMC Stock Popped During Memorial Day. Can It Maintain That Momentum?
AMC Entertainment (NYSE: AMC) share prices popped after the company saw a record Memorial Day weekend, and investors got excited about the prospects of a strong summer movie season ahead. However, the stock is still very beaten down, with shares trading down roughly 31% over the past year as of this writing and down almost 90% over the past five years.AMC has made a lot of strides since the pandemic, when movie attendance collapsed. However, with movie theater attendance still well below pre-pandemic levels and AMC carrying massive debt, the company is still walking a tightrope. Let's see if there is a road to recovery for the stock.AMC remains the largest movie theater chain in the U.S. and Europe, with roughly 900 locations and more than 10,000 screens worldwide. The company is focused on driving higher revenue per moviegoer by leaning into premium formats like IMAX, Dolby Cinema, and its own "XL at AMC" large-format screens. It's also expanded its dine-in offerings and started serving alcohol at many locations, which is helping boost high-margin food and beverage sales.Continue reading
AMC Entertainment (NYSE: AMC) share prices popped after the company saw a record Memorial Day weekend, and investors got excited about the prospects of a strong summer movie season ahead. However, the stock is still very beaten down, with shares trading down roughly 31% over the past year as of this writing and down almost 90% over the past five years.
AMC has made a lot of strides since the pandemic, when movie attendance collapsed. However, with movie theater attendance still well below pre-pandemic levels and AMC carrying massive debt, the company is still walking a tightrope. Let's see if there is a road to recovery for the stock.
AMC remains the largest movie theater chain in the U.S. and Europe, with roughly 900 locations and more than 10,000 screens worldwide. The company is focused on driving higher revenue per moviegoer by leaning into premium formats like IMAX, Dolby Cinema, and its own "XL at AMC" large-format screens. It's also expanded its dine-in offerings and started serving alcohol at many locations, which is helping boost high-margin food and beverage sales.
