Through its subsidiaries, AMC Entertainment Holdings, Inc. operates a theatrical exhibition business. The U.S. Markets and International Markets segments are how it operates.
The U.S. Markets segment consists of companies that own, rent, or run movie theaters and screens in the country. Owning, renting, or operating theaters and screens in the UK, Germany, Spain, Italy, Ireland, Portugal, Sweden, Finland, Norway, Denmark, and Saudi Arabia are the main objectives of the international markets segment.
The business, which has its headquarters in Leawood, Kansas, was established in 1920 by Barney Dubinsky, Maurice Durwood, and Edward Durwood.
The American movie theater chain AMC Entertainment Holdings, Inc., formerly known as American Multi-Cinema (d/b/a AMC Theatres; frequently referred to as simply AMC and known in some countries as AMC Cinemas or AMC Multi-Cinemas), was established in Kansas City, Missouri, and is now headquartered in Leawood, Kansas.
It became the largest movie theater chain in the world in 2016 after acquiring Odeon Cinemas, UCI Cinemas, and Carmike Cinemas. There are 2,807 screens in 353 theaters in Europe and 7,755 screens in 593 theaters in the United States.
The Chinese conglomerate Wanda Group owned the majority of the company’s shares from 2012 to 2018; it is listed on the New York Stock Exchange. In September 2018, the private equity firm Silver Lake Partners invested $600 million in AMC; however, the voting rights of AMC shares were set up so that Wanda Group continued to hold the majority of the company’s board of directors.
Due to new financing from AMC and short squeezes that led to Silver Lake converting its $600 million debt holding to equity in January 2021, financial downturns brought on by the COVID-19 pandemic caused Wanda’s ownership to be steadily diluted.
Wanda converted its Class B shares to Class A shares in early February 2021, lowering its voting power to less than
Conclusion
The price of AMC stock has dropped 47% over the last six months, indicating a downward trend in the stock. The demand zone described below may, however, experience some positive changes if the market as a whole recovers.
According to the technical analysis of AMC stock (NYSE: AMC), prices are anticipated to trade within the established range, and the likelihood of testing $10.00 before AMC stock becomes stuck in the range is low.