11/20/2023 0 Comments Jim cramer twitter amc![]() Thursday 10 August 2023 (32 minutes ago) An earlier version misstated the days.AMC Entertainment Elevates Ellen Copaken to Senior Vice President Marketing, Reporting to Chairman and CEO Adam Aron Correction: Disney's "Shang-Chi and the Legend of the Ten Rings" topped $90 million in domestic ticket sales from last Friday to Monday. Attendance was boosted by the recording-breaking Labor Day weekend for Disney 's "Shang-Chi and the Legend of the Ten Rings." The movie in the Marvel Cinematic Universe topped $90 million in domestic ticket sales from last Friday to Monday. 5, marking the highest number of admissions for the Labor Day weekend in the company's history. That's extraordinary," Cramer said, referencing AMC's announcement Tuesday that more than 2 million people watched movies at AMC's U.S.-based cinemas between Sept. "Adam Aron had a better number than 2019 this weekend. According to Box Office Mojo, the total for the year is nearly $2.2 billion, as of early Thursday. This means that AMC's theaters would generate enough money to cover all of its operating costs. During AMC's quarterly call, Aron said the company could post positive cash flow at the theater level as soon as the fourth quarter if the annual domestic box office reaches at least $5.2 billion. But unlike GameStop, Cramer said, "AMC gave you a great number and conference call," referencing the theater chain announcing last month a narrower-than-expected loss for the second quarter. The company, whose stock has soared 2,100% so far this year, has also raised more than $1 billion in 2021. At AMC, Cramer sees clarity about how Aron plans to turn around a company that was basically left for dead before Covid and nearly went bankrupt during the pandemic. The "Mad Money" host's comments echoed remarks earlier on "Squawk Box" from Loop Capital's Anthony Chukumba, who said GameStop's details-light call was "shameful." Chukumba added, "Sell the stock, ask questions later." They were not alone in their confusion, as Baird analyst Colin Sebastian and Wedbush's Michael Pachter also expressed concern about the lack of clarity on the company's road map. GameStop has raised more than $1.6 billion through stock sales this year as the Reddit-fueled short squeeze early this year kicked off frenzied buying. Cramer said the company doesn't seen to have a plan to execute on chairman and investor Ryan Cohen's push to transform the video game retailer into a more digital-first operation. The stock dropped about 7% on Thursday morning. ![]() GameStop - the original meme stock, whose shares were still up nearly 900% in 2021 - did not provide an outlook for the coming quarters or take question during Wednesday evening's call. ![]() "GameStop offers you nothing" at this point, Cramer said on "Squawk Box," the morning after the video game retailer reported its second-quarter loss narrowed on a year-over-year basis. However, Cramer said not all meme stocks are created equal as he reiterated praise for AMC Entertainment CEO Adam Aron's vision to get more people back in theaters. Personal Loans for 670 Credit Score or LowerĬNBC's Jim Cramer said Thursday that GameStop 's post-quarterly results conference call "was not a conference call," blasting the company for providing only scant details about its turnaround plans. Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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