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Tag: Wall Street

AMC latest “meme” stock to hit a rally, jumping 17% after selling shares to investor

NEW YORK, N.Y. / CNBC — AMC Entertainment shares surged again on Tuesday when the theater chain sold more than 8 million shares to an investment firm, the latest in a series of capital raises for the struggling company turned ‘meme’ stock. The purchase by Mudrick Capital Management helped AMC raise $230.5 million. AMC officials said that they would be using the funds for potential acquisitions, updates to existing theaters, and deleveraging its balance sheet. Shares were up 17% in premarket trading. AMC was hit hard during the pandemic when their movie theaters shut in most...

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Important things to know before the stock market opens Wednesday

Here’s a list of the most important news, trends and analysis that investors need to start their trading day: 1. Dow could rebound after breaking three-day winning streak Stock futures for the United States increased on Wednesday after the Dow broke a three-day winning streak. The 30-stock average closed down 81 points on Tuesday as the market struggled for direction ahead of Memorial Day weekend. It was up more than 100 points at session highs. 2. Bitcoin makes some progress, but the recent collapse has strengthened gold prices Prices for the popular cryptocurrency “Bitcoin”...

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Stock futures plummet after US urges pause on Johnson & Johnson vaccine

NEW YORK / CNN — Wall Street has been riding high as America’s vaccination rollout has exceeded expectations, but a potential disruption to that campaign sent stock progress backwards on Tuesday. US stock futures fell after the United States urged a pause of the one-dose Johnson & Johnson COVID-19 vaccine. Stock futures were lying flat ahead of a key inflation report that eased Wall Street’s fears about rising prices. Investors weren’t in panic mode, but the news was definitely unwelcome on Wall Street. Dow futures were down 68 points, or 0.2%. S&P 500 futures...

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