What's Going On With AMC Entertainment Holdings On Friday?

Zinger Key Points
  • AMC stock drops in sympathy with GameStop after worse-than-expected Q1 earnings and plans to sell up to 75 million shares.
  • AMC Theatres offers various summer discounts: Discount Tuesday, matinee pricing, and $3 tickets for kids' movies.

AMC Entertainment Holdings, Inc AMC stock is trading lower Friday, like other popular retail trader stocks, also called the ‘meme stocks,’ in sympathy with GameStop Corp GME.

GameStop reported worse-than-expected first-quarter earnings and filed a prospectus to sell up to 75 million shares to raise capital.

AMC Theatres said it offers eight ways to save money on movie tickets this summer. Ellen Copaken, Senior Vice President of Marketing, highlighted various discounts and programs to make movies more affordable and accessible.

Discount Tuesday provides AMC Stubs members with significant savings on tickets every Tuesday. Matinee Pricing offers 25% off tickets before 4 p.m. every day.

AMC Summer Movie Camp lets parents and kids watch classics for just $3 per ticket on Mondays and Wednesdays.

AMC Stubs A-List allows members to see up to 3 movies a week in any format for $19.95 per month.

AMC Stubs Premiere offers benefits like waived online ticket fees and free size upgrades for $15 per year.

AMC Screen Unseen features new films for $5, while AMC Fan Faves offers $5 tickets for select movies. Additionally, moviegoers can purchase AMC gift cards and movie subscriptions as gifts.

AMC Entertainment stock lost over 86% in the last 12 months. Investors can gain exposure to the stock via Vanguard Small-Cap ETF VB and Vanguard Total Stock Market ETF VTI.

In May, The Bear Cave’s Edwin Dorsey issued a bearish report on AMC Entertainment, criticizing its lack of fundamental investment appeal by being “consistently unprofitable, deeply indebted, and highly dilutive.”

Price Action: AMC shares traded lower by 10.50% at $5.18 premarket at the last check on Friday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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