CNNWF News and Press, Cineworld Group Plc From 03/19/21

With [[AMC]] theaters reopening across California today - which brings its U.S. locations to 98% open, if capacity-limited - the stock closed the week with its fifth straight weekly gain, up 25.5% for the week. Shares in the U.S. cinema leader haven't had a weekly decline since the week of Fe...

MKM Partners has weighed in on the reopening of movie theaters in California (and New York City, where plans to reopen predated California's by a bit). plans to reopen predated California's by a bit The reopenings in Los Angeles and New York City are material for the industry, MKM notes, indi...

AMC Entertainment (AMC) is 10.3% lower in some apparent profit-taking today, though it's also moving lower in line both with Reddit-fave peers and fellow cinema stocks. AMC ended up jumping 25.8% yesterday as it reopened its two key Los Angeles venues and reaffirmed its plans to reopen all Ca...

Movie theaters in Los Angeles could be open as soon as within the week, if the county can hold numbers according to Gov. Gavin Newsom's plan. Newsom qualified Los Angeles County to move to the red tier in the state's COVID-19 classification - which means barring any downturn, several business...

Welcome to Seeking Alpha's Catalyst Watch - a breakdown of some of next week's actionable events that stand out. Check out Saturday morning's regular Stocks to Watch article for a full list of events planned for the week or the Seeking Alpha earnings calendar for companies due to report. Satu...

AMC Entertainment (AMC +13%) is riding high for a second day after news that New York City movie theaters would reopen March 5. The extended rally comes alongside a reaction from Wedbush, which calls the news a "ray of light" for the struggling theater company (which is still a ways off its a...

Cineworld has seen some Reddit trader style action, and a Chinese investor is building stake. The company's base case for recovery remains plausible but is decreasing in likelihood, in my view. I see the name as a gamble, not an investment, but after the November fundraising, I ha...

The rampage in AMC Entertainment (AMC +204.8%) stock seems to be lifting its bigger industry peers - not a given, on a day when the S&P 500 is sharply lower. Cinemark (CNK) is +11.2%, and Cineworld (CNNWF) is up by 12.3%. In-theater advertising firm National CineMedia (NCMI) is up 23.3%. ...

Shareholders in Cineworld (CNNWF +5.3%) have signed off on an incentivized bonus plan that has drawn fire as "excessive." The plan is worth up to $284M, and CEO Mooky Greidinger and deputy CEO Israel Greidinger (his brother) stand to receive up to $89M of that. Those are dependent on some pot...

Cinema stocks - battered for the better part of a year as the pandemic suppressed moviegoing - are lower today as COVID-19 case counts continue to hit records. MKM notes that vaccinations likely need to surpass 1M doses per day for the movie theater industry to return to "a more normalized en...