AMC Entertainment $AMC Bullish Option Flow Detected

  • Post category:Options Trading
  • Reading time:6 mins read
Get Email Alerts and Follow Us:
SOCIALICON

Bullish option flow was detected in AMC stock on January 7, 2022.

Bullish Option Flow

Amc Option Flow

Make sure to review this lesson on option flow so that you understand the image above.

AMC ‘on track’ to accept Dogecoin, Shiba Inu payments in Q1, says CEO

On January 6, 2022, AMC CEO Adam Aron said via Twitter: “I have been repeatedly asked when AMC expects to routinely accept Dogecoin and Shiba Inu for any and all payments made via the AMC website and mobile app. I am being told that we are still well on track for the promised Q1 implementation, with exact timing most likely in March.” Source: https://twitter.com/CEOAdam/status/1479130904681664515

AMC CEO: New Year’s resolution is to refinance high-interest debt

On January 4, 2022, AMC CEO Adam Aron said via Twitter: “MY NEW YEAR’S RESOLUTION FOR AMC. In 2020 and early 2021, AMC took on debt at high-interest rates to survive. If we can, in 2022 I’d like to refinance some of our debt to reduce our interest expense, push out some debt maturities by several years and loosen covenants. WITH AN IMPROVING FINANCIAL POSITION, one of our 2022 goals is to strengthen our balance sheet. There is no guarantee of success, but we will try very hard to get this done. We are always thinking of creative ways to make AMC’s future more secure.” Source: https://twitter.com/CEOAdam/status/1477998104624381957

NEWCITY announces AMC Theatres to operate 14-screen movie theatre

On December 29, 2021, NEWCITY has finalized a lease agreement with AMC Theatres to open and operate the 14-screen movie theatre at NEWCITY, with an opening date expected to be in the Spring of 2022. “We are thrilled that AMC will bring movies back to NEWCITY,” said John Bucksbaum, CEO of Bucksbaum Properties. “NEWCITY guests and area residents have missed their neighborhood movie theater and we look forward to seeing them enjoy the new first-class AMC experience.”

AMC Theatres® Continues Its Strategic Theatre Acquisitions, Announces the Acquisition and Reopening of Former Pacific Northridge Fashion Center 10 in Northridge, CA, and Former Arclight Chicago 14

On December 22, 2021, AMC Theatres (NYSE:AMC), the largest theatrical exhibitor in the United States, in Europe & the Middle East, and in the world, announced it has reached lease agreements and plan to reopen theatres in the Los Angeles and Chicago markets. AMC is expected to begin operations at AMC Northridge Fashion Center 10, formally a Pacific theatre, in Northridge, Calif., in the spring of 2022. AMC expects to begin operations at AMC Chicago 14, formally an Arclight location in NEWCITY located in the Lincoln Park neighborhood, under a new name in spring of 2022.

AMC remains in active discussions with other property owners regarding additional currently closed locations.

Upon reopening, guests at both locations can expect many of AMC’s most popular amenities, including enhanced food and beverage offerings, and AMC Stubs, a world class loyalty and subscription service that includes AMC Stubs A-List.

Adam Aron, Chairman and CEO of AMC, commented: “These theatres have previously been high-traffic, successful locations, in two of AMC’s top markets, and we are pleased to offer the AMC experience at them a few months from now in 2022. These are prime examples of how AMC is staying on offense, looking for opportunities to strengthen our company through the acquisition of these popular locations. Our most recent acquisitions of AMC The Grove 14 and AMC Americana at Brand 18 are already showing their success as those locations routinely finish in the top 10 theatres in box office performance among more than 150 theatres in the LA market, and in the top 30 in the entire United States.”

📺 AMC STOCK| TOP 5 CATALYSTS FOR THE YEAR

AMC STOCK| TOP 5 CATALYSTS FOR THE YEAR

📉 AMC Stock Technical Analysis

Amc Stock

The short-term trend is negative, as is the long-term trend. AMC is part of the Entertainment industry. There are 82 other stocks in this industry. AMC outperforms 98% of them. AMC is currently trading in the middle of its 52-week range. The S&P500 Index however is trading in the upper part of its 52-week range, so AMC is lagging the market slightly.

There is a resistance zone ranging from 26.07 to 26.57. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame. There is also resistance at 27.57 from a trend line in the daily time frame. Finally, there is resistance at 37.27 from a trend line in the weekly time frame.

The technical rating of AMC is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first. Click here to sign up for email alerts on when AMC stock consolidates and is a good long entry.

Get Email Alerts and Follow Us:
SOCIALICON