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Stock impact report

AMC's Meme-Stock Era Is Long Gone as Box Office Sags, Debt Looms [Yahoo! Finance]

Cinemark Holdings Inc Cinemark Holdings, Inc. (CNK) 
Last cinemark holdings inc cinemark holdings, inc. earnings: 2/21 06:15 am Check Earnings Report
Company Research Source: Yahoo! Finance
the scrutiny of the movie-theater chain's recovery plans as it reports earnings this week. Most Read from Bloomberg BYD's New $233,450 EV Supercar to Rival Ferrari, Lamborghini A Spike in Heart Disease Deaths Since Covid Is Puzzling Scientists Freddie Mercury's London Residence Lists at £30 Million Jacob Rothschild, Financier and Philanthropist, Dies at 87 The stock is down 27% to start 2024, after touching an all-time low in February. The company and its peers — including Cinemark Holdings Inc. and Imax Corp. — are struggling with sinking US box-office revenue after last year's strike by Hollywood actors and writers delayed the rollout of films, short-circuiting the industry's Barbenheimer-assisted rebound from the pandemic. Junk-rated AMC is also saddled with billions of dollars of debt. It took on some for 2016 acquisitions, and B. Riley analyst Eric Wold says it added more during the pandemic, with a major chunk coming due in 2026. “If we can get to a nice snap-bac Show less Read more
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