Everyone gets paid as a fortune teller to make those types of calls -- but for me having been on the ride since time began I have seen it rise and fall like the Roman Empire.
I bought heavily at the breaking point $1.99 as I figured theater entertainment is still a desired destination as are other venues such as Disney, Six Flags, Cedar and many others. I like $AMC because it offers a unique and at times a very personal enjoyable experience.
The CEO has done a ton of work to keep the company a float, introduced safety protocols, changed the air filtration, slimmed down the menu, and many other facets.
I was not surprised to see the final funding put in place recently by the CEO -- however I was a little disappointed we did not hit the $5 dollar mark with all the profits takers grabbing for some extra popcorn. I had originally set my first stop at $6.01 as I never like to bid/ask on even whole numbers -- just my thing.
So I am looking for the $5.01 break point coming shortly and then a small run up maybe in the mid 5.40s then some profit taking and finally a set up towards the $5.79 or more by late February into March.
I do not have a long term play on this stock as my bones have been aching to get out of the movie theater and get some fresh air. However, long term let's break into the $6s wait for the 2nd round of COVID shots to get past us in March or April and then expect folks to get itching for some movie fun. I am hoping for $8.31 by summers end. That would be a perfect storm for me -- but more likely let's look for it around the high 7s.
The CEO has a ton of debt and will have to get his running shoes on to out pace a 15% lending rate. Can he do it? Hmm -- if COVID gets handled, people get tired of watching the flicks at home, and they catch the scent of fresh popcorn as they enter the theater doors.
All of this is my guesstimate -- you buy your own crystal ball and see what happens but so far I have enough soda pop money from $AMC to enjoy the next 85 planned releases coming out this year in 2021. See you at the movies and don't invest more than you can afford to lose.
Recent AMC News
- UPS Divests Coyote Logistics in $1.025 Billion Deal with RXO, Under Armour Agrees to $434 million Settlement, and More News • IH Market News • 06/24/2024 11:00:20 AM
- AMC Theatres® Records its Most Attended and Highest Grossing Weekend of 2024 – Domestically and Globally • Business Wire • 06/17/2024 01:28:00 PM
- AMC Theatres Offers Movie Lovers Eight Ways to Save at the Movies This Summer • Business Wire • 06/07/2024 10:45:00 AM
- Amcor's new European Innovation Center brings brands the latest in material science and packaging design • PR Newswire (US) • 05/30/2024 07:02:00 AM
- Mike Rowe Presents SOMETHING TO STAND FOR Coming to Theaters Nationwide - Beginning June 27 • PR Newswire (US) • 05/23/2024 01:00:00 PM
- Summer Movie Camp Returns to AMC Theatres® With Popular Family Titles at Just $3 Plus Tax Per Ticket • Business Wire • 05/23/2024 10:45:00 AM
- Chubb Stock Soars 9% with Berkshire Acquisition, AST SpaceMobile jumps 37% on AT&T deal, and More News • IH Market News • 05/16/2024 11:27:07 AM
- Nike Cuts Jobs at Converse, Ilya Sutskever Departs from OpenAI, WBD Increases Buyback Offer, and More News • IH Market News • 05/15/2024 11:49:06 AM
- Meme Stock GameStop Rallies After Roaring Kitty Post • IH Market News • 05/14/2024 12:31:22 PM
- Walmart Corporate Job Cuts and Office Centralization, GameStop and AMC Surge, and More News • IH Market News • 05/14/2024 11:26:02 AM
- Airbnb Stocks Drop 8% Amid Bleak Outlook; Bumble Surges 14% on Global Download Rise, and More in Earnings • IH Market News • 05/09/2024 11:56:30 AM
- AMC Entertainment Holdings, Inc. Reports First Quarter 2024 Results • Business Wire • 05/08/2024 08:22:00 PM
- U.S. Futures Slightly Dip Amid Corporate Earnings and Quiet Economic Calendar, Oil Prices Fall • IH Market News • 05/08/2024 12:29:17 PM
- Bottles of the Year Program from Amcor Showcases the Best New Designs in Responsible Packaging • Business Wire • 05/07/2024 03:00:00 PM
- Alphabet CEO’s Billion-Dollar Wealth, Microsoft’s $1.7B Indonesia Investment, and More News • IH Market News • 04/30/2024 11:58:40 AM
- AMC Entertainment Holdings, Inc. Previews First Quarter 2024 Preliminary Results and Announces First Quarter 2024 Earnings Webcast • Business Wire • 04/26/2024 08:15:00 PM
- United Shares Surge 5.3% in Q1 2024 Earnings Beat; Take-Two Cuts 5% of Workforce, and More News • IH Market News • 04/17/2024 10:57:39 AM
- Walgreens Slashes Annual Profit Forecast; MillerKnoll Nosedives 17% on Bleak 4Q Outlook, and Latest News • IH Market News • 03/28/2024 01:48:04 PM
- Amcor announces CEO transition and reaffirms fiscal 2024 outlook • PR Newswire (US) • 03/19/2024 08:15:00 PM
- Zoom Rooms at AMC Is Now Live at Several AMC Locations Across the Country as AMC Theatres® and Zoom Redefine Interactive Business Meetings and Hybrid Events • Business Wire • 03/14/2024 10:45:00 AM
- AMC Entertainment Holdings, Inc. Provides Settlement Notice • Business Wire • 03/12/2024 08:30:00 PM
- AMC Significantly Expands the Availability of its Popular Grocery Store Popcorn Through the Addition of Publix and Kroger Stores, and Amazon.com • Business Wire • 03/11/2024 05:09:00 PM
- AMC Entertainment Holdings, Inc. Board of Directors Elects Sonia Jain to Serve as a Director of the Company, Effective March 1, 2024 • Business Wire • 03/01/2024 11:45:00 AM
- Snowflake Stock Plummets 20.3% After CEO Transition; C3.ai, Okta, and Duolingo Surge Post-Strong Quarterly Reports, and More • IH Market News • 02/29/2024 11:09:45 AM
- AMC Entertainment Holdings, Inc. Reports Fourth Quarter and Full Year 2023 Results • Business Wire • 02/28/2024 09:15:00 PM
FEATURED Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM