8,788% Return Predicted for THIS Crypto (already up 40% in 6 months)
Sponsored
THIS cryptocurrency has gained 40% in 6 months. A crypto millionaire who has researched the space for a decade says it will go up 8,788% in 5 years. The name of this cryptocurrency is revealed right here: >>Name of cryptocurrency<<
By Ciara Linnane, MarketWatch.com
AMC Entertainment Inc.’s bonds were rallying Tuesday and were the biggest gainers in the high-yield space, swept up by the resumption of the meme-stock trend that took hold of markets on Monday.
AMC’s stock was last up 82% to bring its week-to-date gains to 224%, after investor Keith Gill, also known as Roaring Kitty, posted his first tweet since 2021 on Sunday.
The tweet, indicating Gill was paying attention, was followed Monday by further tweets. Gill was a key player in the 2021 meme-trading phenomenon, and he testified before Congress about his enthusiasm for GameStop Corp.
Videogame retailer GameStop GME, +60.10% and movie-theater chain AMC Entertainment Holdings Inc. AMC, +31.98% were the original meme stocks.
As the following chart from data-solutions provider BondCliQ Media Services shows, AMC’s bonds took off sharply on Monday, and those gains continued into Tuesday.
Bondholders were likely pleased that the company completed an at-the-market equity offering late Monday that raised $250 million without it incurring more debt.
The bonds are rated at CCC+ by S&P Global Ratings and Caa1 by Moody’s, placing them a full seven notches into speculative or junk-bond status.
The biggest move is in the 10% notes that mature in June 2026, which have gained 13.53 points in the period to trade at 85.38 cents on the dollar.
AMC’s bonds have seen strong net buying in the past two days, led by that series.
The risky bonds come with generous yields, which have fallen in tandem with the price move. The 6.125% notes that mature in May 2027 are yielding almost 30%.
AMC has more than $2.5 billion in outstanding bonds, as the following chart shows. The bulk of that debt will mature in 2026.
Is this tiny $2 stock the next NVDA?
Sponsored
Is this little known chipmaker the next NVDA? It has nothing to do with AI, but this company's patented chip could generate NVDA sized gains in the coming months… This one RIGHT HERE…
How can I say that with such certainty? Because the most powerful tech companies in the world are SCRAMBLING to be the first to market with this new technology… Companies like Microsoft, Intel, and Google are all quietly racing to be at the forefront of this new phenomenon… But unfortunately for them… This one small company holds the key to this revolution… And they already have 12 patents to protect their groundbreaking innovation from copycats… Click here to see why this small company won't be small for long.
