<div class="textg" style="text-align: justify; font-weight: lighter; line-height: 1.3em; font-size: 15px; border-radius: 3px; color: #80909a; padding: 10px; background-color: #F4F6F9; margin-bottom: 15px;">Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noreferrer noopener" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.</div>



<p class="has-drop-cap">The shares of AMC Entertainment closed % up, at $ this Tuesday. The significant rise is, in large part, driven by an earlier <a href="https://www.intersect.news/p/amazon-investing-amc-movie-theater" target="_blank" aria-label=" (opens in a new tab)" rel="noreferrer noopener nofollow" class="deco-link">report</a> that Amazon is considering the acquisition of the movie theater company. AMC has been having a decent year so far and its earnings report for the fourth quarter of 2022 managed to beat most estimates. Furthermore, the company already stated it had had a very strong January.</p>



<h3 id="amc-up-on-rumors-of-amazon-acquisition">AMC Up % On Rumors of Amazon Acquisition</h3>



<p>Throughout Tuesday, the shares of AMC were surging, albeit with some setbacks, and the company was 13.19% up from the previous close at the end of the trading day. The action continued into the after-hours in a similar fashion initially continuing the climb before falling just below the closing price by the time of writing.&nbsp;</p>



<p>Earlier on Tuesday, March 28th, a report stated that Amazon’s Jeff Bezos has dispatched his investment advisers to asses the possible acquisition of AMC. While a purchase is far from guaranteed, the news that it is considered sent the stocks of the entertainment company up by as much as 18% at one point in the day.</p>



<p>Despite its mammoth size, Amazon has been actively looking to expand its business throughout recent months. In February, for example, it forayed into the healthcare industry with a <a href="https://apnews.com/article/technology-amazoncom-inc-1life-healthcare-business-8440ff249f2af796d7b74b654eb86130" target="_blank" aria-label=" (opens in a new tab)" rel="noreferrer noopener nofollow" class="deco-link">$3.9 billion purchase of One Medical</a>. Jeff Bezos’ company is also reportedly also looking to web3 and is expected to officially announce <a href="https://tokenist.com/why-amazon-launching-nfts-would-not-be-a-surprise/" rel="dofollow" class="deco-link">its NFT initiative</a> sometime in April.</p>


<div class="cta-referral">

			<img src="https://tokenist.com/wp-content/themes/thetokenist/assets/img/del/cta-referral-1.png" alt="" class="cta-referral__img" loading="lazy" decoding="async">
	
	<div class="cta-referral__text">
		<p>Join our <a href="https://t.me/thetokenist" target="_blank" rel="noreferrer noopener nofollow">Telegram group</a> and never miss a breaking digital asset story.</p>

	</div>

</div>


<h3 id="amc-up-26-72-ytd">AMC Up 26.72% YTD</h3>



<p>AMC has been on the edge for several years as its business model has been jeopardized first by the rise of streaming services like Netflix, and subsequently damaged further by the covid-associated lockdowns. The company was, however, resuscitated to a degree along with another embattled business, GameStop, during the “<a href="https://tokenist.com/investing/meme-stocks/" rel="dofollow" class="deco-link">meme stock</a>” craze.</p>



<p>While the company’s shares have been, since the craze ended, mostly on the decline, AMC’s CEO Adam Aron has done his best to nurture the goodwill shown to his firm by retail investors. The company also received a boost with the release of James Cameron’s Avatar 2 in late 2022, and <a href="https://tokenist.com/amc-down-9-despite-beating-q4-estimates/" rel="dofollow" class="deco-link">managed to beat its Q4 estimates</a>. </p>



<p>CEO Aron also recently expressed his belief that the main reason behind the slow recovery in 2022, despite the end of lockdowns, is the fact that Hollywood simply didn’t provide many theatrical releases. He added that <a href="https://twitter.com/CEOAdam/status/1624070303662981120" target="_blank" aria-label=" (opens in a new tab)" rel="noreferrer noopener nofollow" class="deco-link">2023 is likely to be a far better year</a> and the company reportedly had a fairly strong January. Overall, while the road has been rocky, AMC is up 31% year-to-date.</p>


<div class="cta-sub js__cta-sub">

	<div class="cta-sub__start" data-step="1">

					<div class="cta-sub__title"><strong>Finance is changing.</strong></div>
							<div class="cta-sub__subtitle">Learn how, with Five Minute Finance.</div>
							<div class="cta-sub__excerpt">A weekly newsletter that covers the big trends in FinTech and Decentralized Finance.</div>
							<button type="button" class="btn">Try it out (for free)</button>
			</div>

	<div class="cta-sub__form" data-step="2" style="display: none;">
									<script type="text/javascript"
						src="https://app.getresponse.com/view_webform_v2.js?u=QcLhh&#038;webforms_id=zw3Wv"></script>
						</div>

	<div class="cta-sub__result" data-step="3" style="display: none;">
		<div class="cta-sub__title">Awesome</div>
		<div class="cta-sub__caption">You&#8217;ve subscribed.</div>
		<div class="cta-sub__greeting">You&#8217;re well on your way to being in the know.</div>
	</div>

</div>
<p>The post <a rel="nofollow" href="https://tokenist.com/amc-closes-13-19-in-the-green-on-rumors-of-amazon-acquisition/">AMC Closes 13.19% in the Green on Rumors of Amazon Acquisition</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

AMC Closes 13.19% in the Green on Rumors of Amazon Acquisition

Table of Contents

TokenInsight

Alte articole publicate pe 28 mar. 2023

Dogecoin To Get Upgrade Release Packed With New Features And Enhancements

XRP social dominance skyrockets as token price surges to $0.50

XRP Price Analysis 29/3: Bulls in XRP Record 90-Day High, Bullish Trend Continues

SBF’s Bid To Have FTX Pay Bills Gets Pushback From Debtors and Creditors

To be or not to be: Ethics, democracy and morality in the nascent metaverse

What the EU’s anti-money laundering regulations mean for crypto

Join our free newsletter for daily crypto updates!