#HYPE MACHINE MOVIE#

That’s roughly in line with the S&P 500’s 16% drop. (MCS), are all lower this year by about 10% to 15%.

#HYPE MACHINE MOVIE#

Shares of other movie theater owners, such as Cinemark What’s the problem? It seems no amount of promotional hype from AMC CEO Adam Aron can overcome the fact that the economics for theaters are terrible – no matter how often he notes how much cooler AMC is than other theaters and how it has this army of loyal individual investors.ĪMC rival Cineworld, which owns US-based chain Regal, just filed for bankruptcy. The price of one AMC plus one APE share is also about 50% below where AMC’s stock began 2022. (AMC is trading for around $8.60 and APE is at about $5.20) Do the math and that’s a nearly 25% drop in just the past few weeks. (AMC) on Reddit’s WallStreetBets subreddit and other social media sites would eat up both stocks like a carton of buttery popcorn.ĪMC even made the ticker of the new shares “APE” in honor of its Reddit devotees.īut since AMC split into two stocks, the combined value of AMC and APE is hovering near $14. The hope was that the so-called apes who are fans of AMC (AMC) were trading around $18 just before the company decided to issue a new class of preferred shares to existing investors in late August. Movie theater chain AMC is a top pick for meme investors, but the stock hasn’t exactly turned out to be the feel good hit of this summer.

Hype machine