Wednesday (27th) AMC Entertainment (AMC-US) The opening stock price sprayed more than 200%, and trading was suspended several times. The outside world doubts whether it is a repeat of GameStop’s short-squeeze drama? But in fact, the biggest bad news of AMC Entertainment’s bankruptcy was cancelled.
Affected by the new crown epidemic, the global box office plummeted by about 71%. According to market research company Comscore, the North American box office revenue in 2020 is only 2.2 billionUSD, Far below the 11.4 billion in 2019USD。
AMC Entertainment (AMC-US) Attendance rate was not good throughout the year, a decrease of approximately 85% from the same period last year. At the end of last year, AMC stated that its cash reserves may be exhausted by the end of 2020 or early 2021, or bankruptcy will reduce its debt burden.
Tuesday (26th) AMC (AMC-US) There is good news that the company has signed 917 millionUSDThe financing agreement means that any claim that AMC is about to go bankrupt will not come true.
On Wednesday, AMC Entertainment opened explosive trading volume of 520 million shares, ten times more than the average trading volume. The stock price directly sprayed out more than 200%. Before the deadline, the tentative report was 16.07 per share. USD。
Barclays (Barclays) said in a report to customers on Tuesday that the focus of retail investors’ favored stocks has shifted from large technology stocks to small stocks that have been largely ignored and shorted.
About 24% of AMC’s outstanding shares are currently sold short. This month, AMC stock rose more than 650%.
–
