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AMC in the red after firing 38% at the start of Wall Street session – Stock Exchange

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AMC in the red after firing 38% at the start of Wall Street session - Stock Exchange

Cinema chain AMC eliminated 38% growth recorded in the first hours of trading on Wall Street. The shares of the company fell by almost 9% and returned to the positive position only a few seconds later.

Meanwhile, AMC bonds fell again, trading in the red, shedding more than 1% to close to $ 26.

Despite a tense session, AMC set a record this Friday when the stock traded at $ 36.72, which surpassed the closing high that dates back to March 2015. In general, during the week AMC securities have already risen in price by 120.%. Since the beginning of the year, AMC’s “layoffs” have already reached 1200%. AMC Securities continue to gain popularity among the Reddit-focused investor group. So-called “meme stocks,” a group that includes AMC or the GameStop chain of gaming stores, have grown significantly since the start of the year.

According to the data provided by CNCB, the AMC appreciation over the week has already resulted in losses of $ 1.3 billion for “short sellers” who are betting on the fall in stocks. This method, used by mutual funds, requires banks to borrow shares from certain companies, paying interest on the transaction. The bonds are then sold immediately, even if they are not already owned by the funds. Since the expectations for a fall are high, those who resort to “short selling” expect the quoted prices to fall in order to buy the same volume of shares at a much lower price, returning the shares to the bank. At the end of the day, the profit is the difference between the highest price at which they sold the bank’s borrowed shares and the ideal lowest price on the next purchase to transfer to the bank.

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AMC’s debt is about $ 5 billion. Due to the pandemic, which required the closure of cinemas and the acceleration of the premiere of films on streaming services, the company’s revenues were reduced. In addition to the circumstances of the pandemic, which continues to cause a decrease in the number of viewers in the rooms, the company still faces competition from other companies in the sector and streaming services.

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Economy

Facebook owner lost nearly 7% on Wall Street’s new red day – IVF

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Facebook owner lost nearly 7% on Wall Street's new red day - IVF





Facebook owner lost nearly 7% on Wall Street’s new red day – IVF
































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Economy

Private consumption and investment could lead to a decline in GDP in the fourth quarter – ECO

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Private consumption and investment could lead to a decline in GDP in the fourth quarter - ECO





Private consumption and investment could lead to a decline in GDP in the fourth quarter – ECO






























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Portugal Could Become a Reshoring Hub in Europe According to New Report – Executive Digest

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Portugal Could Become a Reshoring Hub in Europe According to New Report - Executive Digest

European companies are looking in the EMEA region (which covers Europe, the Middle East and Africa) for an alternative to manufacturing and sourcing in Ukraine and Asia after months of supply chain disruptions, according to a new Supply Chain Disruptions report sponsored by JLL.

According to this report, there are several companies operating in the retail and manufacturing sectors that have already decided to partially or completely redistribute their production, and the data shows that the new European beneficiaries of the “reorientation” are Central Europe and Romania, and the European borders with Turkey and Morocco are also on the radar.

This trend follows a pandemic that has caused disruption in distribution networks and serious problems in ports and airports, so companies have begun to choose “reshoring” as an attempt to solve the problem of disruption in supply chains.

JLL also expects that the shortage of land and labor will boost demand in Central Europe, from the primary market to the secondary and tertiary markets, the latter strategically located.

Data from Flexport (a global logistics platform) shows that the average container flight from Asia to Europe has almost doubled since 2019, and Buck Consultants International (BCI) research confirms the same as JLL: more than 60% of US and European companies plan to send part of their products back to their country of origin.

Given the existing transport networks and logistics gateways, it can be said that goods will circulate primarily along two distribution corridors: the traditional European dorsal (from central England to northern Italy) and the emerging “Black Sea banana” connecting Budapest. to the Black Sea.

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Marlene Tavares, Head of Retail Investment and Logistics at JLL, explains: “The discussion about nearshoring (where operations move to a country close to the country of origin, as opposed to offshoring) is not new. Rising wages in places with low-cost production and increased risk from climate change, strikes and accidents such as the blockade of the Suez Canal have sparked controversy over the issue over the past decade.

However, a more favorable cost-risk ratio and the loss of many manufacturing infrastructures in Europe continued to give the Asian continent an advantage in hosting large distribution centers and manufacturing a wide range of products. This scenario is now changing due to the recent situation as well as new consumption habits. In this context, Portugal has a competitive advantage due to its very attractive geographic location and demographics, which place us prominently in the European Neighborhood Strategy,” he emphasizes.

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