Archer-Daniels-Midland is on pace for its second worst day in its history going back to 1972. The food processer stock plunged 19.2% during midday trading, or its biggest slide since Oct. 19, 1987 when the stock lost 19.89%. Oil prices rose more than $1 on Monday, after a suspected Ukrainian drone strike on a major Russian fuel terminal placed renewed focus on the threat to crude supplies. “We think large-cap ‘sell-the-news’ remains in effect,” he wrote in a Monday note to clients. Regardless, corporate earnings will ramp up this week with results expected from AT&T, D.R. Horton, Halliburton, Procter & Gamble, Southwest Airlines, American Airlines and American Express, among others. “The broader market looks more prone to consolidating its gains from November and December rather than rallying to new highs,” Ma said.
Let’s first revisit the hyper-fast run during the meme stock boom of 2021. Prior to the giant gain on June 2, 2021, over just five sessions of trade (May 24 to 28), AMC obliterated the short sellers by rising as much as 203%. In the week ended June 4, AMC stock almost finished up 100% or more for a second straight week. On Sept. 1, the company reported that pop music icon Taylor Swift’s concert film shattered records for single-day ticket sales revenue at $26 million. Shares of AMC Entertainment reverse split before market open on Thursday, August 24th 2023. The 1-10 reverse split was announced on Monday, August 14th 2023.
- According to MarketSmith, short interest — shares sold short by individual and professional investors — has rebounded to 24.8 million shares, or nearly 13% of the stock’s newly revised float of 196.4 million shares.
- If that bears out, it would be the fourth time in the past five quarters earnings dropped year over year, according to a Friday note from FactSet’s John Butters.
- Check the daily price-weighted performance of all IBD industry groups, plus rankings based on six-month performance, at IBD Data Tables.
- To get this ideal entry in a cup without handle, simply take the cup’s left-side high.
AMC Chief Executive Adam Aron described the recent slide in the company’s shares as “painful” and pointed to the lingering impact of the COVID-19 pandemic on the movie-theater industry. As evidence, Kettner pointed to “shakier” activity in markets beyond the U.S. large-cap names driven by the AI frenzy. Small- and micro-caps, high-beta and meme stocks are all down this year, alongside European equities.
Investors should prepare for a market selloff soon despite equities hitting new heights, says HSBC
The Growth Scorecard table also displays the values for its respective Industry along with the values and Growth Score of its three closest peers. The Growth Scorecard evaluates sales and earnings growth along with other important growth measures. This includes measuring aspects of the Income Statement, Statement of Cash Flows, the Balance Sheet, and more. Some of the items you’ll see in this category might look very familiar, while other items might be quite new to some.
“AMC is still here, still innovating, still blazing new trails,” he wrote. Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports. The company missed the mark with its guidance https://traderoom.info/ — and its latest numbers signaled China pressures. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Parkev Tatevosian owns shares of Uber Technologies and Walt Disney.
Boosted by the WallStreetBets crowd on Reddit, AMC used a steep rise in its share price to tap into equity and debt markets, raising $917 million in January 2021. While the F1 consensus estimate and revision is a key driver of stock prices, the Q1 consensus is an important item as well, especially over the short-term, and particularly as a stock approaches its earnings date. If a stock’s Q1 estimate revision decreases leading up to its earnings release, that’s usually a negative sign, whereas an increase is typically a positive sign.
Jim Cramer Says This Is A ‘Very, Very Expensive’ Stock: ‘I Say Ka-Ching Ka-Ching On Some Of That One’
When IBD notes the market in a confirmed uptrend, it signifies that buying demand is healthy among institutional investors. To get this ideal entry in a cup without handle, simply take the cup’s left-side high. Still, with gains of as much as 501% in just two weeks, it made sense to lock in at least partial profits.
596 employees have rated AMC Entertainment Chief Executive Officer Adam Aron on Glassdoor.com. Adam Aron has an approval rating of 63% among the company’s employees. This puts Adam Aron in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. Microstrategy, which trades as a bitcoin proxy, was trading in line with the cryptocurrency in premarket trading, about 1% lower. Riot Platforms and Marathon Digital were down by the same amount, while CleanSpark and Iris Energy were flat. The inverter manufacturer has been battered as high interest rates depress demand in the residential solar market, leaving the company saddled with inventory.
The VGM Score are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. The Value Scorecard identifies the stocks most likely to outperform based on its valuation metrics. This list of both classic and unconventional valuation items helps separate which stocks are overvalued, rightly lowly valued, and temporarily undervalued which are poised to move higher. The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock.
At this point, AMC will definitely need weeks, if not months, to build a proper new base in bullish fashion. In August last year, AMC held a very respectable 96 Relative Strength Rating. This score means AMC stock had outperformed 96% of all stocks in the IBD database over the past 12 months. And the 3-month RS Rating at the time zoomed to a highest possible 99, according to MarketSmith data.
The number of shares owned by shareholders was adjusted after the market closes on Wednesday, August 23rd 2023. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split. As AMC has just about stayed afloat during the pandemic, much has been made of the disconnect between the reality and the elevated share price. However, with Covid-19 on the backfoot, in the West at least, vaccines getting doled out across the globe, and AMC’s domestic theaters now open, there is the prospect of a movie theater renaissance. One of 2021’s unexpected trends has involved retail investors propping up stocks lacking in the fundamentals department.
On the other hand, low-quality names appear to already have begun suffering. “Under the hood, there are cracks emerging,” wrote analyst Max Kettner. “While it may be tempting to chase the latest all-time highs, we maintain our view of a Reverse Goldilocks episode hitting virtually all asset classes in the coming months.”
The movie-theater chain is riding high on volatility with shares looking to open Tuesday lower by 10%. The movie-theater chain diluted its shares big time, but more pain might be coming – 390mn shares were authorized for a sale. AMC Entertainment’s stock was trading at $6.12 at the beginning of the year. Since then, AMC shares have decreased by 33.5% and is now trading at $4.07. The addition of snacks and drinks to the offering was a major boost to revenue.
Return on Equity (or ROE) is calculated as income divided by average shareholder equity (past 12 months, including reinvested earnings). Shareholder Equity (which is the difference between Total Assets and Total Liabilities) can be found on the Balance Sheet. It’s typically categorized as a valuation metric and is most often quoted as Cash Flow per Share and as a Price to Cash flow ratio.