Why AMC Entertainment Stock Is Rising Yet Again today

Rich Duprey, The Motley Fool
·2 min read
Why AMC Entertainment Stock Is Rising Yet Again today

Shares of AMC Entertainment (NYSE: AMC) were 3.4% higher at 11:24 a.m. ET on Wednesday after the movie theater operator filed a statement with the Securities and Exchange Commission that it now owns a 6.8% stake in National CineMedia (NASDAQ: NCMI), which runs advertisements on movie theater screens. CEO Adam Aron has said he would be making more investments using the $1.8 billion in liquidity AMC has available, and a purchase like this is probably what most people had in mind. National CineMedia is a holding company whose sole purpose is to operate National CineMedia LLC (NCM), which distributes ads to theaters.

Continue reading
  • Up next
  • Up next
  • Up next
  • Up next

Latest Stories

  • Mining giant BHP proposes buyout of Anglo American

    The UK-based mining giant Anglo American says it has received a takeover proposal from Australia's BHP.

  • XPeng CEO says its software, AI upgrades to enter 'super fast cycle'

    Chinese electric vehicle (EV) maker XPeng on Thursday said its software and artificial intelligence training upgrades will enter a "super fast cycle" from May, and that it hopes use of its platform will expand to other Asian countries and Europe. He Xiaopeng, founder and CEO of the automaker backed by Germany's Volkswagen, said software will be refreshed with upgrades every two months, in comments made at a press conference on the opening day of the Beijing auto show. "This year, I believe XPeng will far surpass all of China's autonomous driving technology rivals," he said.

  • N. Macedonia's right-wing candidate wins first round presidential election

    North Macedonia's right-wing candidate Gordana Siljanovska-Davkova claimed a comprehensive victory in the first round of presidential elections on Wednesday -- the first in a series of votes that could decide whether the Balkan country will join the European Union. According to the state electoral commission, with 90 percent of vots counted, Siljanovska-Davkova had romped to victory with almost 40 percent.That put her way ahead of President Stevo Pendarovski of the ruling centre-left Social Demo

  • Mike Johnson Addresses His Icy Reception at Columbia

    CNNHouse Speaker Mike Johnson (R-LA), speaking to CNN right after his cold reception by pro-Palestine Columbia University student protesters, said he wasn’t surprised by the situation, since he was there to essentially issue a reprimand.Johnson told Erin Burnett that he and the other Republican lawmakers who joined him on campus had a message for the students.“I’m not surprised that they didn’t welcome our visit, because we’re calling out their activities,” Johnson said. “The point we tried to m

  • White Sox vs. Twins Highlights

    Max Kepler and the Twins defeat Korey Lee and the White Sox, 6-3

  • Q1 2024 Agree Realty Corp Earnings Call

    Q1 2024 Agree Realty Corp Earnings Call

  • Sunak’s flagship immigration bill to cause ‘system meltdown’ and trap more than 100,000 people

    Analysis by Refugee Council reveals that even if government is successful in flying 2,000 people to Rwanda by end of year, a further 115,575 asylum seekers will be left stranded in UK

  • TikTok influencer says ban on app would hurt him financially

    As a TikTok ban moved closer Wednesday, TikTok creators like Caleb Simpson are planning for what's next. Simpson is known for his home tour series where he approaches a person on the street or celebrity and asks for a tour of their home. He said a third of his income comes from the app, where he has more than 8 million followers. For creators like Simpson, the ban would more than impact their livelihood, the app is also where many creators have built relationships and created memories.

  • Girls in UK are drinking, vaping and smoking more than boys

    In one of the largest studies of its kind the WHO examined data from 280,000 children aged 11, 13 and 15 from 44 countries who were asked about their use of cigarettes, vapes and alcohol

  • John Kerry on How to Break Through on the Climate Crisis

    Former Secretary of State and TIME Earth Award honoree discussed the importance of funding, effective communication, and collective action.

  • Trump Media has gotten Congress involved in its crusade against short sellers

    The Trump Media CEO last week also penned a letter to Nasdaq blaming "naked" short selling for the stock's decline since going public.

  • PRESS DIGEST-British Business - April 25

    The following are the top stories on the business pages of British newspapers. - Britain's competition watchdog is canvassing views on whether partnerships between Microsoft and Mistral, and Amazon and Anthropic, as well as Microsoft's hiring of key figures from Inflection AI, could count as mergers or harm competition. - Ryanair has demanded that the EU reform its skies after the airline was forced to cancel more than 300 flights across Europe scheduled for Thursday because of a strike by French air traffic controllers.

  • Creighton's Kyle Hess helps Bluejays clinch two-game sweep over Coastal Carolina and 30th win of the season

    The Jays were hoping to do the same on Wednesday to take the two-game sweep. And they did just that at Charles Schwab Field.

  • Q1 2024 Navient Corp Earnings Call

    Q1 2024 Navient Corp Earnings Call

  • Friend of victim killed in crash calling for accountability

    Friend of victim killed in crash calling for accountability

  • Pair of Olympians wins Drake Relays Team Shot Put Showcase

    Pair of Olympians wins Drake Relays Team Shot Put Showcase

  • UPDATE 1-XPeng CEO says its software, AI upgrades to enter 'super fast cycle'

    Chinese electric vehicle (EV) maker XPeng on Thursday said its software and artificial intelligence training upgrades will enter a "super fast cycle" from May, and that it hopes use of its platform will expand to other Asian countries and Europe. He Xiaopeng, founder and CEO of the automaker backed by Germany's Volkswagen, said software will be refreshed with upgrades every two months, in comments made at a press conference on the opening day of the Beijing auto show. "This year, I believe XPeng will far surpass all of China's autonomous driving technology rivals," he said.

  • Alec Marsh and 4 relievers combined for a 6-hitter as the Royals beat the Blue Jays 3-2

    KANSAS CITY, Mo. (AP) — Alec Marsh and four relievers combined for a six-hitter as the Kansas City Royals beat the Toronto Blue Jays 3-2 Wednesday night. Maikel Garcia and Salvador Perez each had two hits and an RBI for Kansas City, which bounced back from a loss in the series opener on Monday to win two straight. “That’s Royals baseball," said Bobby Witt Jr., who is batting .350 during a five-game hitting streak. "We've got to keep doing that. Get on the base paths. Be aggressive. Make things h

  • Marlins force extra innings, but miss opportunities in walk-off loss to Braves

    Miami scored two runs in the ninth to tie the score 3-3 and force extra innings but stranded the bases loaded in the top of the 10th.

  • Mrazova's shootout winner lifts PWHL Ottawa to critical 3-2 victory over Boston

    OTTAWA — Despite an off night, Ottawa found a way to pull out a victory on Wednesday. After missing the world championship and Ottawa's last home game due to injury, Katerina Mrazova made an impressive return scoring the shootout winner in a 3-2 victory over Boston in Professional Women’s Hockey League action. Mrazova scored on both her shootout attempts and Emerance Maschmeyer stopped Hilary Knight to seal the hard-fought victory. The win allowed Ottawa to remain in control as it battles Boston