\n<\/p>\n
The company said it sold approximately 105.3 million shares as part of the at-the-market equity offering. <\/p>\n<\/li>\n
AMC also highlighted a strong box office environment, with six films generating domestic opening weekends exceeding $75 million over the past 11 weeks. <\/p>\n<\/li>\n
Aron highlighted that the offering’s completion is a positive development for AMC, saying it significantly strengthens the company’s cash reserves. <\/p>\n<\/li>\n<\/ul>\n
Shares of AMC Entertainment Holdings Inc. (AMC) were up more than 7% in Thursday morning’s trade after the company announced that it had successfully completed a $150 million at-the-market equity offering. <\/p>\n
AMC said the additional capital strengthens its balance sheet and provides greater financial flexibility to pursue its long-term strategic priorities. The company also highlighted a strong box-office environment, with six films generating domestic opening weekends exceeding $75 million over the past 11 weeks. <\/p>\n
See what 10M+ investors are talking about. Get the Stocktwits Daily Rip for what retail is watching right now, free to your inbox<\/a> <\/p>\n The company said it sold approximately 105.3 million shares as part of the at-the-market equity offering. <\/p>\n AMC CEO Adam Aron said in a post on X that the company’s stock surge of over 50% since the launch of the equity offering in February this year is a sign of investor confidence. <\/p>\n “It is particularly encouraging that the AMC share price has risen by more than 50% during this time, showing presumably that investors’ confidence in a resurgent Box Office outweighs fears about dilution,” he said. <\/p>\n Aron highlighted that the offering’s completion is a positive development for AMC, saying it significantly strengthens the company’s cash reserves. <\/p>\n “I’ve said it many times: Cash is King,” he added. <\/p>\n Aron said that AMC remains focused on improving the guest experience, increasing its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), and reducing financial leverage. <\/p>\n B. Riley analyst Drew Crum raised his price target on AMC to $2.25 from $2 and maintained a ‘Buy’ rating, citing stronger-than-expected domestic box office performance in May and increased confidence in second-quarter upside. <\/p>\n Crum said continued box office strength, improving release windows, and potential tailwinds from guild renewals could support further gains. However, he cautioned that much of the bullish scenario may already be reflected in AMC’s valuation, limiting the stock’s upside from current levels. <\/p>\n<\/p><\/div>\n The company said earlier this month that more than 4.2 million moviegoers visited its AMC and ODEON theaters from Thursday through Sunday at the end of May. <\/p>\n AMC also reported its highest-attended May since 2019, with 25.5 million guests visiting its theaters. <\/p>\n Retail sentiment on Stocktwits around AMC trended in the ‘bullish’ territory at the time of writing, with message volumes at ‘high’ levels. <\/p>\n AMC stock is up 43% year-to-date, but down 32% over the past 12 months. The iShares Russell 2000 ETF (IWM) is up 34% over the past 12 months, while the Vanguard Small-Cap Growth Index Fund ETF (VBK) is up 26%. <\/p>\n Also See: This Semiconductor Stock Has More Than Tripled This Year, But Wolfe Research Sees Another 36% Upside<\/strong><\/a> <\/p>\n For updates and corrections, email newsroom[at]stocktwits[dot]com.<\/em> <\/p>\n Rounak Jain has no position in any of the stocks mentioned in this article. StockTwits’ news team content is for informational purposes only and is not intended as investment advice. For more, see our editorial policy<\/a>. This article was originally published on StockTwits<\/a>. <\/p>\n Related:<\/strong> <\/p>\n<\/p><\/div>\n The company said it sold approximately 105.3 million shares as part of the at-the-market equity offering. AMC also highlighted a<\/p>\n","protected":false},"author":1,"featured_media":34073,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_animmysite_disable_animation":false,"fifu_image_url":"https:\/\/s.yimg.com\/lo\/mysterio\/api\/5F203D1EEE0B5B336BB0D26E8E85574686C4665CD00C0AC2383BE820F77F198C\/subgraphmysterio\/resizefill_w1200_h800;quality_80;format_webp\/https:%2F%2Fmedia.zenfs.com%2Fen%2Fstocktwits_383%2F8dc1833d34a14693d0b50fb15b9670cd","fifu_image_alt":"","footnotes":""},"categories":[214],"tags":[],"class_list":["post-34072","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-usa-politics"],"_links":{"self":[{"href":"https:\/\/trendifyhubusa.com\/index.php\/wp-json\/wp\/v2\/posts\/34072","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/trendifyhubusa.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trendifyhubusa.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trendifyhubusa.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/trendifyhubusa.com\/index.php\/wp-json\/wp\/v2\/comments?post=34072"}],"version-history":[{"count":0,"href":"https:\/\/trendifyhubusa.com\/index.php\/wp-json\/wp\/v2\/posts\/34072\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/trendifyhubusa.com\/index.php\/wp-json\/wp\/v2\/media\/34073"}],"wp:attachment":[{"href":"https:\/\/trendifyhubusa.com\/index.php\/wp-json\/wp\/v2\/media?parent=34072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trendifyhubusa.com\/index.php\/wp-json\/wp\/v2\/categories?post=34072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trendifyhubusa.com\/index.php\/wp-json\/wp\/v2\/tags?post=34072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}AMC CEO Says ‘Cash Is King’ <\/h2>\n
What Wall Street Is Saying About AMC <\/h2>\n
What Do Retail Traders Think Of AMC? <\/h2>\n
\n <\/p>\n","protected":false},"excerpt":{"rendered":"