An index of the most-shorted U.S. companies maintained by Goldman Sachs has rallied by about 16% just in the past four trading sessions. Exhibit A in the worst-to-first phenomenon was meme stock AMC Entertainment, which initially plunged on Friday after announcing a preferred share dividend that could be a backdoor way to issue fresh stock, diluting shareholders. From its intraday trough that day, it has bounced by around 50%. Dabbling with stocks back from the dead might be fun, but Heard on th
AMC Networks Inc (NASDAQ: AMCX) reported a second-quarter FY22 sales decline of 4.3% year-on-year to $738.02 million, missing the consensus of $774.35 million. Streaming subscribers grew 46% Y/Y to 10.8 million as of June 30, 2022, and streaming revenue climbed 20%. Domestic revenues decreased 3% Y/Y to $621 million, and International fell 9% to $126 million. Operating margin was 20.7%, and operating income for the quarter rose 125% to $153 million. The company held $817.3 million in cash and eq
AMC Networks (AMCX) delivered earnings and revenue surprises of 4.04% and 5.75%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?