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Will amc skyrocket5/15/2023 ![]() Now these stocks are trading near 52-week lows and the big question is, is there any juice left in the trade? (NYSE: GME) jumping over 10,000% and AMC Entertainment Holdings Inc. Meme stocks were one of the biggest and hottest trades of 20 with GameStock Corp. Save my name, email, and website in this browser for the next time I comment. Sign me up for the Money Morning newsletter Your email address will not be published. Or to contact Money Morning Customer Service, click here. Wedbush Managing Director in Equity Research Michael Pachter to discuss rumors of a possible acquisition of AMC by Amazon.Comment on This Story Click here to cancel reply. Rumored Amazon acquisition of AMC is ‘probably not happening anytime soon’: Analyst Given the bankruptcy, Cineworld’s screens could sell for roughly $600 million less than an AMC scree.Īmazon buying AMC 'doesn't make sense': AnalystĪmazon is unlikely to buy AMC, says Wedbush, after a new report sent shares of the embattled theater giant soaring on Tuesday. ![]() The analyst points to Cineworld (CINE.L), which filed for bankruptcy earlier this year, as a better potential target for Amazon. And even if AMC did want to sell itself, Amazon could find a more attractive option anyway, according to Pachter. Shares of AMC spiked more than 15% on the news Tuesday, before Pachter and Wedbush wrote to clients the deal was “unlikely.” Pachter highlights there’s been no indication that AMC wants to sell itself as one of the key reasons the deal is unlikely. Speculation spread on Tuesday of a potential bid from the tech giant after a substack post from The Intersect. Why Amazon buying AMC doesn't make sense, analyst arguesĪmazon (AMZN) buying AMC (AMC) would be a huge mistake, according to one Wall Street analyst. William White on InvestorPlace | March 29, 2023 Hopes that Amazon will buy AMC look optimistic for now.īiomX (PHGE) stock is rocketing on Wednesday following the release of the company's earnings report for the fourth quarter of 2022. AMC Stock: Is The Cinema Chain A Takeover Target? The table below shows AMC's key quality metrics over time.īelow are the latest news stories about AMC ENTERTAINMENT HOLDINGS INC that investors may wish to consider to help them evaluate AMC as an investment opportunity.
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