— Common shares of the theater chain fell by more than 7% after AMC announced a shareholder meeting in March for a potential change to its capital structure.
The special meeting would allow shareholders to vote on increasing the total number of shares the company can issue and on a reverse stock split to convert its preferred shares to common shares. The preferred or "APE" shares, which trade at a large discount to the common shares, jumped by more than 16%.
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Wall Street sends stocks to their highest levels since summerStocks closed higher on Wall Street Friday, establishing the market's third winning week of the last four and sending the S&P 500 index to its highest levels since summer. Bullshit!
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This week in markets: Bitcoin clings to $23,000 as crypto stocks rallyBitcoin managed to stay above $23,000 while Ethereum fell slightly below $1,600, as crypto stocks generally gained this week.
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These stocks reporting earnings this week usually top Wall Street estimates and rallyThere are plenty of stocks with a solid track record of beating earnings expectations and rising on results. Here are few on tap for next week. CNBC your station for rallies and pivots where all news is good news tune in for the truth. 🤣 No article - Advertisement to buy pro news subscription Twitter
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Top Wall Street analysts like these stocks for maximum returnsTipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, including Meta and Alphabet
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Asia markets fall as China stocks set for bull run on return from holidayChinese stocks are poised to enter a bull market as traders return after a week-long New Year holiday — the CSI 300 gained more than 19% from its recent lows seen at the end of October last year.
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Asia markets mixed as China stocks set for bull run on return from holidayChinese stocks are poised to enter a bull market as traders return after a week-long New Year holiday — the CSI 300 gained more than 19% from its recent lows seen at the end of October last year. Isn’t China part of Asia? Today we think of China as we thought of Japan in the '80s. But in ten years China will be even more irrelevant to the world stage than Japan is now. Everyone in Macau surprised by this? That's the main walkway at TaipaVillage in Macau which hasn't seen this much crowd in the last few years 🤩 It's 'rabbits' 🐇🐇🐇 run more than 'a' bull 🐂 run What a way to jumpstart the year of the rabbit
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