AMC Stock: AMC Entertainment Holdings Attempts To Recover This Morning

AMC Entertainment Holdings Inc (NYSE:AMC) stock is reversing some of this week losses on Friday in sympathy as mgmt comments about a “favorable environment” in coming months.

AMC Stock: AMC Entertainment Holdings Attempts To Recover This Morning

Despite reporting a wider than expected Q1 loss last night and underwhelming revenues, in last night’s earnings PR Adam Aron, CEO and President of AMC commented, “We started 2021 with the same conviction, drive and commitment that saw AMC successfully navigate the most challenging 12-month period in AMC’s century-long history.

We finally can now say that we are looking at an increasingly favorable environment for movie-going and for AMC as a company over the coming few months.

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This is the result of a successful and steadily growing vaccination program in the U.S., Europe and the Middle East, especially so across the United States; the proactive implementation of our comprehensive and effective AMC Safe & Clean protocols; the arrival of long awaited new movie title releases; movie-lovers who are eager to once again experience AMC’s innovative array of loyalty programs and guest amenities as exciting movie titles are released theatrically to the big screen; and a vocal, enthusiastic and avid new shareholder base comprised mostly of some 3 million individual stockholders.”

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AMC stock is now up 7.50% at $7.68, trimming its weekly loss to 3.80%.

 

Uson Abdilazhanov

Editor and Computer Expert A hardcore tech enthusiast and computer expert Uson Abdilazhanov who holds a degree in communications started writing in his personal blogs since 2012. That time he was interested in the technical part of the computer. But now the software aspect plays an important role in his career. Currently, he runs a PC building and repairing shop which helps a lot of designers and gamers who always like to try new things.