The AMC Empire 25 off Times Square is now open as cinemas in New York City welcome back audiences after a year-long closure due to the COVID-19 pandemic. This event took place on March 5, 2021.
Angela Weiss | AFP | Getty Images
Discover the latest news from these high-profile companies during midday trading.
AMC Entertainment — The shares of this movie theater chain have surged by 30%. A judge recently blocked the company’s proposed settlement on its stock conversion plan, which aimed to issue more shares to pay down its debt. Additionally, AMC announced that it experienced the highest attendance and admissions revenue since 2019 in a single weekend, thanks to the excitement surrounding the “Barbenheimer” phenomenon.
IMAX — The entertainment technology company has witnessed a 6% increase in its stock price driven by Universal’s “Oppenheimer,” which has attracted moviegoers to IMAX screens. Analyst Eric Wold of B. Riley noted that the higher representation of IMAX screens in theaters post-pandemic is a reflection of growing consumer demand for this format.
Mattel — Following the successful debut of the Warner Bros. film “Barbie,” based on the iconic doll by Mattel, the toymaker’s stock has gained 1.9%.
Chevron — The energy company witnessed a 2.8% increase in its stock price after previewing its quarterly results, revealing stronger-than-expected earnings. Chevron reported adjusted profits of $3.08 per share, surpassing Wall Street’s consensus estimate of $2.97 per share. Additionally, the company’s board made the decision to waive the mandatory retirement age for CEO Mike Wirth, allowing more time to find a suitable successor. Furthermore, Chevron announced the appointment of a new CFO.
Knight-Swift Transportation — Despite posting weaker-than-expected financials for the second quarter, this freight transportation company’s shares have gained more than 1%. Knight-Swift reported adjusted earnings of 49 cents per share on revenue of $1.55 billion, falling short of analysts’ projections of 55 cents per share on revenue of $1.6 billion sourced from Refinitiv.
Intuitive Surgical — The health-care stock declined by 3.5%. However, the company’s most recent earnings report showcased stronger-than-expected performance, with adjusted earnings per share of $1.42 and revenue of $1.76 billion. This exceeded analysts’ estimates of $1.33 per share on revenue of $1.74 billion according to Refinitiv.
Domino’s Pizza — The shares of Domino’s Pizza have risen by 1.6%. The fast-food chain reported mixed quarterly results, including adjusted earnings of $3.08 per share, surpassing analysts’ predictions of $3.05 per share. Domino’s also disclosed that global retail sales grew by 5.8% during the period, excluding currency impact.
Becton Dickinson — Following Raymond James’ upgrade of Becton Dickinson to outperform, shares of the medical technology company have increased by more than 6%. This upgrade is in response to the U.S. Food and Drug Administration’s clearance of the updated BD Alaris infusion system, which monitors vital signs and administers medications, blood, and other fluids to patients.
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