Yahoo Finance Live highlights AMC's stock ahead of its earnings report due out next week as the theater chain continues to ride the wave of holiday season releases.
Video Transcript
- And, well, AMC is another one that we've been keeping close tabs on, as well as the apes out there, and they're going to be reporting earnings next week. One thing to remember with this company, of course, as we're taking a look at the share price action here on the day. It's blockbuster films like "Avatar: Way Of Water" that I had ultimately said when it came out, I wasn't fully impressed by because, look, I'm not an Avatar fan. I got dragged by some of the apes that are out there and big fans of AMC, but the movie has been doing great. And with the performance that it's seen at the box office, there's no flies on that. We're going to see how it's helped the world's biggest movie chain, AMC when it reports on Tuesday of next week. Tuesday of next week? Tuesday of next week.
- It's just amazing looking at some of the price action that we've seen in AMC, specifically, since the start of the year, and we know a lot of these meme traders-- the retail traders have come back in here, getting a little bit more excited about AMC. It's totally trading, obviously, this has been the case now for quite some time. It has nothing to do with the fundamentals of the companies. And when you see so many retail investors, retail traders getting excited about AMC with the lack, really, of any of that story changing on a fundamental basis, it's still hard to wrap your head around and really make sense of the action that we have seen.
- And the passion of these apes, if I say anything remotely negative about AMC or the theatrical experience, I get attacked on the Twitter. So-- but like you said, it's a meme stock. You have to be careful. It doesn't trade on the fundamentals, but people-- the shareholders, they're very intense.
- Yes, AMC shareholders, we love movies just as much as you do.
- We love them.
- Yes.
