MrWealthy
2021-05-26
Up up up to the moon
AMC Price Target Raised, Sell Rating Affirmed at Citi
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The stock has more than tripled (up 236%) in the past six months, as the Reddit crowd has gone gaga over the meme company.</p>\n<p>As for Bazinet, he said AMC remains overvalued, Bloomberg reports. The company's \"elevated leverage [represents] an added risk to an uncertain recovery,\" he said.</p>\n<p>AMC got hammered by the pandemic, which still is limiting attendance at its theaters. But the stock price surge has enabled it to raise capital cheaply.</p>\n<p>In other AMC news,its British cinemas last week recorded their busiest weekof ticket sales since the pandemic began, offsetting the departure of a key investor in the company.</p>\n<p>AMC said its largest shareholder, China-based Wanda Group, had sold its stake in the group \"through normal open market trading to a widely dispersed array of buyers on the New York Stock Exchange.\"</p>\n<p>AMC's U.S. prospects heading into the Memorial Day weekend are also looking brighter, with domestic coronavirus cases falling and vaccinations rising.</p>\n<p>AMC shares gained last Tuesdayalongside other meme stocks as day traders renewed their bets on shares of companies they feel they can collectively move higher.</p>\n<p>On May 13,AMC said it completed an offeringof 43 million shares. The offering brought AMC $428 million of new capital, before commissions and fees, at an average price of $9.94 a share.</p>","source":"lsy1610613172068","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMC Price Target Raised, Sell Rating Affirmed at Citi</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMC Price Target Raised, Sell Rating Affirmed at Citi\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-26 08:59 GMT+8 <a href=https://www.thestreet.com/investing/amc-price-target-raised-sell-rating-affirmed-at-citi><strong>The Street</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AMC stock has more than tripled in the past six months as the Reddit crowd has gone gaga for the theater chain.\n\nAMC Entertainment (AMC) -Get Report shares soared after Citi analyst Jason Bazinet ...</p>\n\n<a href=\"https://www.thestreet.com/investing/amc-price-target-raised-sell-rating-affirmed-at-citi\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://www.thestreet.com/investing/amc-price-target-raised-sell-rating-affirmed-at-citi","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159103819","content_text":"AMC stock has more than tripled in the past six months as the Reddit crowd has gone gaga for the theater chain.\n\nAMC Entertainment (AMC) -Get Report shares soared after Citi analyst Jason Bazinet nearly doubled his price target on the world’s biggest movie theater chain to $3.70 from $2.\nTo be sure, he kept his sell rating.\nAMC recently traded at $16.23, up 19%. The stock has more than tripled (up 236%) in the past six months, as the Reddit crowd has gone gaga over the meme company.\nAs for Bazinet, he said AMC remains overvalued, Bloomberg reports. The company's \"elevated leverage [represents] an added risk to an uncertain recovery,\" he said.\nAMC got hammered by the pandemic, which still is limiting attendance at its theaters. 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