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Share sale takes puff out of AMC price after CEO popcorn pledge

5 Min Read
(Reuters) - AMC Entertainment shares were down by a third on Thursday after the company took advantage of a record stock price with its second share issue in three days while saying it did not know how long its stellar run would last and warning investors of the risks involved.
FILE PHOTO: A taxi passes an AMC theatre amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., January 27, 2021. REUTERS/Carlo Allegri
AMC’s shares traded 33.4% lower on Thursday at $41.10 after the company said it agreed to sell up to 11.55 million of its shares from time to time in an at-the-market program. A wave of buying from retail investors had helped AMC’s share price nearly double to a record close of $62.55 in the prior session. ....

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GameStop boosts teen interest in investing - survey

While traders were flocking to GameStop earlier this year, the stock was also capturing the imagination of U.S. teenagers, according to a survey from Wells Fargo. ....

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Malaysia's April exports rise 63% y/y, fastest since 1998

reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=MYEXP%3DECI export poll data ....

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US STOCKS-Wall Street shrugs off inflation jump to move higher

Dow up 0.35%, S&P 500 up 0.31%, Nasdaq up 0.45% (Updates to mid-afternoon, changes byline) ....

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GameStop leads "stonks" higher

By Reuters Staff
3 Min Read
(Reuters) - Shares of GameStop Corp rose 18% on Wednesday, snapping a seven-day losing streak to post their biggest one-day increase since March 25.
FILE PHOTO: GameStop logo is seen near displayed stock graph in this illustration taken February 2, 2021. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo
The video game retailer’s shares closed at $166.53 with trading volume that was more than twice the stock’s 10-day moving average. Other so-called meme stocks - shares favored by the denizens of online communities such as Reddit’s WallStreetBets - were also volatile on Wednesday.
Some supporters of the stock pointed to a late-Tuesday announcement that the company was voluntarily paying back $216 million in debt early as a catalyst for the gains. ....

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