AMC Stock News: AMC Entertainment and Ape Preferred Shares both decline despite market rally

NYSE:AMC fell by 0.10% during Thursday’s trading session.
AMC and other theaters have felt the slow summer season this year.
Avatar is going to do its best to bring moviegoers back to theaters.

Stocks Reporter FXStreet

NYSE:AMC inched lower once again despite the broader markets rallying for the second straight day ahead of Fed Chairman Jerome Powell’s speech. On Thursday, shares of AMC fell by 0.10% and closed the trading session at a price of $9.57. Stocks jumped higher into the close as the key Fed Symposium at Jackson Hole got under way. Overall, the Dow Jones added a further 322 basis points, the S&P 500 rose by 1.41%, and the NASDAQ jumped higher by 1.67% during the session.

Stay up to speed with hot stocks' news!

Overall, this summer has been a slow one for theaters, AMC included. The past two weekends have been the slowest at the box office since May, despite the summer historically being one of the busiest times of the year. Theater chains like Regal have been hit hard as its parent company Cineworld (LON:CINE) prepares to file for bankruptcy. Some studios have felt the crunch as well, with Warner Bros Discovery delaying some of its major releases until 2023. Will AMC survive this seasonal lull? Most likely. But it certainly doesn’t lend much confidence in the movie theater industry for the long-term.

AMC stock forecast

One blast from the past could help theaters regain their swagger. Avatar is being re-released in both 4K and 3D for theaters. Why is James Cameron’s all-time seller coming back to theaters? Because the long-awaited sequel is being released this December, thirteen years after the original was first released. Avatar: The Way of Water is debuting on December 16, 2022, in what should be the box office release of the holiday season.

Like this article? Help us with some feedback by answering this survey:

Author

Stocks Reporter

FXStreet

AUD/USD eyes 100-SMA hurdle near 0.7035 as hawkish RBA counters firmer USD

AUD/USD regains positive traction on Tuesday and climbs to 0.7030 during the Asian session, reversing the previous day's corrective slide from a one-month high as hawkish RBA rate expectations continue to support the Aussie. Spot prices, however, remain below the 100-day SMA pivotal resistance amid a firmer US Dollar as traders brace for Australia’s September CPI report on Wednesday ahead of the Fed rate decision.

USD/JPY sticks to modest gains above 157.50 as traders await Fed, BoJ meetings

USD/JPY attracts buyers for the third straight day, recovering further from a one-month low ahead of Wednesday’s FOMC decision and the BoJ policy update on Friday. Meanwhile, expectations that the BoJ may hold off on aggressive rate hikes weigh on the Japanese Yen, and the US Dollar advances to a nearly two-week high, supporting the currency pair.

Gold bears flirt with $4,000 amid sustained USD buying ahead of FOMC decision

Gold meets with a fresh supply during the Asian session, stalling the previous day's modest bounce from the vicinity of a three-month low amid a firmer US Dollar. The precious metal, however, defends the $4,000 psychological mark as traders now seem hesitant and opt to wait for the outcome of the two-day FOMC policy meeting on Wednesday.

Pi Network stalls as weak crypto sentiment caps recovery

Pi Network (PI) holds steady above $0.0760 at press time on Tuesday, stalling after a roughly 2% rebound the previous day. The broader market's weak sentiment and reduced trading volume weigh on the PI token. The technical outlook is bearish, with price capped below a long-term resistance trendline and weak momentum.

France tests the Euro's nerve: What the OAT spread is telling FX traders

France's 10-year borrowing premium over Germany hit its widest since the 2011 debt crisis last week. With public spending above 57% of GDP, unrest on the streets and a presidential election next spring, cuts look unlikely. If Paris cannot trim, the bill may be paid quietly through financial repression.

What November 3 means for the Fed's rate path and the US Dollar

The USD faces a decisive period ahead of the November 3 midterm elections. While markets anticipate another interest rate increase from the Fed in December, the battle for control of Congress could reshape fiscal policy expectations and, indirectly, the path of US monetary policy in 2027.