Amc stock yahoo finance12/30/2023 ![]() It basically looks at losses and expenses against the premiums that they have brought in. JULIE HYMAN: Yeah, and one of the other measures you look at with insurers is called the combined ratio. And that stock up about 20% now so far this year. Strong year-over-year and month-over-month improvement in underlying results is what they were telling their clients. I know Jefferies, for example, liked what they see. But this today, that was a sharp move higher, up over 8% in today's trade. ![]() Yeah, last time they reported, remember, over the summer, not such a great reaction, not such a great response. And it looked like underwriting profitability was improving, and the company's pricing also improving. And that's after the company reported strong September and third quarter results here. JULIE HYMAN: Looking at some of the other individual movers that we are watching on the day that we haven't yet talked about, Progressive, those shares at a record high on the day, up 8%. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. That's it.Yahoo Finance's Julie Hyman and Josh Lipton break down the details of today's trending tickers. JULIE HYMAN: I'm so confused about what's happening right now.īRIAN SOZZI: I'm not totally on board, but I'm just saying it's-īRIAN SOZZI: I'm liking a little bit of the fundamental story here. And you can see some very big attendance numbers in sales and profits for this company before 2023 even kicks off. That fourth quarter slate that Aron talked about on the call last night, that's a really strong slate. And maybe that's what investors should be paying more attention to. AMC is likely to come out and raise money from this, maybe go out and buy more independent theaters, maybe go out, make another strange acquisition.īut the reality is the fundamentals of the moviemaking business are back. They could appreciate these efforts, but the bottom line is this. ![]() I mean, what-īRIAN SOZZI: This is- I think what they announced, this is red meat to that core AMC investor base.īRIAN SOZZI: They're going to love this. It's a supply and demand issue.īRIAN SOZZI: Yes, that's what you're seeing here this morning. But when you sell more shares, the stock goes down. And so this- I guess if you buy this preferred equity, it's a bet that at some point, the shareholders are going to approve that. JULIE HYMAN: Right? They already said they did not want the company to sell more shares. Now, the company shareholders already said no to this. Listen, this is a share increase disguised as something tasty for shareholders, right? These preferred shares with the ticker symbol, Ape, are convertible into regular equity if the company approves that. JULIE HYMAN: -now let's get back to the man impersonating Brian Sozzi, who's in front of me right now. So that seems to have been a fairly successful strategy for them. And AMC has also introduced the sort of dynamic prices, right? That the most popular movies and biggest blockbusters cost more than other movies. The volume is not the same, but the prices have gone up. So a lot of what's going on now is what's going on everywhere. And I just wanted to make the point here that there are far below the number of tickets that were sold pre-pandemic, right? And they're still somewhat below the revenue from ticket sales that they had pre-pandemic. JULIE HYMAN: Before we get to that, I just want to make one more note because we had the number of tickets sold up on the screen. JULIE HYMAN: Is this like- speaking of movies, is this "Invasion of the Body Snatchers"? OK, before we get to that. I've been very critical of what he's been doing. I'm getting in his camp a little bit.īRIAN SOZZI: I know. Now that I've spent more time on the weekends really studying his career and him, I get what he's trying to do. But of course, preferred shares, what an interesting- another interesting move by Adam Aron, who is really- I didn't understand him at first. So the fourth quarter is looking pretty good. I am psyched to see the Rock do his thing in various movies. JULIE HYMAN: Oh, I know you're seeing that.īRIAN SOZZI: Oh, I am so psyched. ![]() They did warn, Adam Aron, on that conference call last night, that things would slow down this quarter because it's a light release schedule for movies, but could really pick up in the back half of the year. 106 million versus a loss of 158- of 150 million last year. Operating profits back in vogue for the company. Attendance up, of course, a lot of that driven by "Top Gun." We saw that out of that Paramount quarter yesterday as well. But look, let's start on the fundamentals of the business. BRIAN SOZZI: Right? Just mind boggling with Adam Aron.
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