AMC Entertainment successfully raised approximately $250 million in new equity capital through a sale of 72.5 million shares in an at-the-market offering. The offering, which began on March 28, saw the shares being sold at an average price of $3.45 per share before commissions and fees. Following the completion of the sale, AMC’s stock price
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In recent years, as home values continue to climb, more Americans are finding themselves in a position where they owe capital gains taxes when selling their property. According to a report from real estate data firm CoreLogic, nearly 8% of home sales in 2023 exceeded the $500,000 limit for tax-free profits, up from roughly 3%
GameStop has once again taken center stage on Reddit’s WallStreetBets forum as discussions surrounding the video game retailer surged. This resurgence can be attributed to the return of “Roaring Kitty,” also known as Keith Gill, the individual who played a significant role in transforming GameStop into a meme stock in 2021. “Roaring Kitty” recently posted
As new college graduates step into the job market, they are faced with a slightly less promising outlook compared to last year. Reports from the National Association of Colleges and Employers show that employers are planning to hire approximately 5.8% fewer graduates from this year’s class compared to the previous year. Industries like chemical manufacturing,
GameStop shares experienced an unprecedented rally, surging more than 80% in a single day, after Keith Gill, also known as “Roaring Kitty,” made his first online appearance in three years. Gill, a former marketer for Massachusetts Mutual Life Insurance, captured the attention of a legion of day traders on Reddit by advocating for investments in
SoftBank recently reported a 724.3 billion Japanese yen ($4.6 billion) gain on its Vision Fund in the fiscal year that ended in March. This marks a significant milestone as it is the first time since 2021 that the flagship tech investment arm has been in the black. The Vision Fund segment posted a profit of
Recent reports have indicated a decline in the number of homeowners undertaking remodeling projects. The Leading Indicator of Remodeling Activity (LIRA), a key metric for measuring home improvement and repair spending, peaked at 17.3% in the third quarter of 2022, but has been steadily decreasing since then. Similarly, the NAHB/Westlake Royal Remodeling Market Index, which
Investors seeking long-term growth potential may want to consider the recommendations of Wall Street experts, who meticulously analyze companies’ financial performance and growth strategies. Domino’s Pizza (DPZ) is one such stock favored by top analysts. Following a strong earnings report in the first quarter, analyst Lauren Silberman from Deutsche Bank reiterated a buy rating on
In a world where inflation is expected to range between three to five percent, investors are constantly seeking ways to adjust their portfolios to thrive in this environment. With the Federal Reserve prioritizing the economy and employment over containing inflation, traditional investment strategies may no longer be effective. Horizon Kinetics’ James Davolos believes that the