AMC Entertainment Holdings Inc

An AMC movie theater in New York.Scott Mlyn | CNBCA $3 movie ticket promotion meant to boost sales across cinemas during a typically sleepy weekend for the business has drawn in 8.1 million customers, according to the National Association of Theater Owners.By those numbers, Saturday was the best day of the year for movie theater attendance, the group said.Movie theaters pulled in $24.3 million in ticket sales from the National Cinema Day promotion, according to Comscore. The media analytics company said that was a 9%…

Netflix is expanding its push into mobile gaming.Sopa Images | Lightrocket | Getty ImagesCheck out the companies making the biggest moves midday Monday:AMC — Shares of the theater chain dropped 38% as investors weighed the company's new preferred share class and news that rival Cineworld that it was considering bankruptcy. AMC's new APE units were trading at roughly $7.50 per share, offsetting the large losses for the common stock.Bed Bath & Beyond, GameStop — Other meme-stock favorites Bed Bath & Beyond and…

The AMC 25 and Regal Cinemas on 42nd Street in Times Square in New York.Richard Levine | Corbis | Getty ImagesShares of theater chain and meme trader favorite AMC fell sharply on Monday as the struggles of a rival company appeared to weigh on the stock.AMC was down nearly 30% on Monday morning, building on a loss of more than 26% last week. The drop comes as rival Cineworld said on Monday it is considering filing bankruptcy.After Cineworld released a warning about its liquidity position last week, AMC CEO Adam Aron said…

AMC Entertainment has embarked on a meme-friendly experiment to give a token reward to its retail investor base while also creating a backdoor way to raise more cash down the line.The theater chain's new preferred share class — called "APE" units — begin trading on Monday after being distributed to shareholders as a dividend last week.  "APE" stands for AMC preferred equity.The special dividend seems to be in keeping with CEO Adam Aron's aggressive marketing efforts to appeal to the retail investors who call themselves…

Movie theaters across the U.S. and worldwide were dealt a massive blow over the past two years.The domestic box-office numbers plummeted from 2019's box office of $11.15 billion to $3.8 billion in 2021. That's mainly due to the Covid-19 pandemic, which kept people in their homes.Film studios scrambled to reshuffle movie release dates and secure deals for other distribution avenues, and movies intended for the big screen ended up on streaming sites.As the pandemic escalated, film studios tried solidifying their streaming…

CNBC's Jim Cramer on Tuesday warned investors to avoid buying money-losing stocks in a bet against short sellers.The market went in favor of short-sellers on Tuesday after the major indices fell. The market teetered earlier in the day as it digested disappointing financial reports from companies and prepared for key inflation numbers later this week."In a market that's presenting you with ample opportunities to lose money, I can't endorse buying these money-losing stocks in the hope of engineering a short squeeze. Sooner…

An AMC theatre is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., January 27, 2021.Carlo Allegri | ReutersCheck out the companies making headlines in midday trading.Bed Bath & Beyond, AMC — Shares surged 41% and 13% respectively as social media traders appeared to invest in the two meme stocks, even without an apparent catalyst.Signify Health — The stock jumped 13% following a Wall Street Journal report, citing people familiar with the matter, that…

A view of a Bed Bath and Beyond store in Daly City, California.Justin Sullivan | Getty ImagesShares of Bed Bath & Beyond jumped nearly 60% on Monday as meme traders seemed to be betting on the stock despite any apparent catalyst for the move.The heavily shorted stock, which has tumbled more than 44% this year, was the most searched name on the WallStreetBets discussion board on Monday according to Quiver Quantitative, where users under a pinned thread titled "AMC and BBBY Memestock Megathread for Monday August 8th,…

Check out the companies making headlines before the bell:Expedia (EXPE) – The travel website operator's stock jumped 5.4% in the premarket after Expedia beat top and bottom line estimates in its latest quarterly report. Travel demand was strong, with lodging revenue up 57% from a year ago and airline ticket revenue up 22%.Block (SQ) – Shares of the payment service company slid 6.4% in premarket trading even though it reported better-than-expected quarterly results. The drop comes as Block reports a 34% drop in revenue at…

Confetti falls as Lyft CEO Logan Green (C) and President John Zimmer (LEFT C) ring the Nasdaq opening bell celebrating the company's initial public offering (IPO) on March 29, 2019 in Los Angeles, California. The ride hailing app company's shares were initially priced at $72.Mario Tama / Getty ImagesCheck out the companies making headlines in midday trading Friday.Warner Bros. Discovery — The media company's stock cratered 16.5% after Warner Brothers posted its first earnings report since its merger. Warner Bros.…