NYSE Archives - Page 3 of 10

February 27, 2023February 27, 2023

AMC Appreciates By 16% In A single Day

The AMC Entertainment has the largest movie theatre chain in the world. It was founded in 1920. Also, AMC has the largest share of the U.S. theatre market. In 2016, AMC Entertainment acquired Odeon Cinemas, UCI Cinemas and Carmike Cinemas in 2016. AMC has 2,807 screens in 353 theatres in Europe and 7,755 screens and 93% of the theatres in the United States. It is listed on the NYSE and as of 2021, it had a revenue of $2.53 billion and a total staff of 31,198.

Just like many companies, AMC Entertainment had a tough 2020 as the company was shut down for 12 weeks which made the share price hit an all -time low at $1.03. 2021 was much better than 2020 as the share price reached an all-time high at $44.68 in June 2021, which was double the price of the previous high in 2015 at $22.45.

The unexpected happened as price of AMC Entertainment had a massive fall from the all-time high to $3.72 in December 2022. There seems to be relief as price bounced by 16% in a single day. Could this be the beginning of a huge rally for the AMC shares in the coming weeks? In December 2022, RSI indicated that price had been oversold, and a rally is expected. The rally could push the price above $10 in the next few weeks.

Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get stocks in your portfolio? Schedule a meeting with us here

February 15, 2023February 15, 2023

Disney Share Price Consolidates

The Walt Disney Company is an American Multinational mass media and entertainment conglomerate. Disney was founded in 1923, which is about a century ago. Disney is traded on NYSE as $DIS. As of February 2023, Disney’s market cap stood at about $197Billion. As of 2020, its total number of employees was over 200,000. After the share price of Disney reached an all-time high at $203.13 in March 2021, the value of Disney depreciated all through 2022 as price reached $84.13, which was the lowest price since March 2020.

The year 2023 seems to be bringing a bit of hope as January closed on a bullish note. The price has continued to rally in February as price reach a new high this year at $118.10, which occurred on the 9th of February. The $DIS bulls might push price higher in the coming weeks. Our analysts think the $DIS price could reach a resistance level at $140 if the rally continues. On the weekly chart, RSI indicates that price has been oversold. This could be good news for $DIS investors.

February 1, 2023February 1, 2023

Shopify Rallies To A 9-Month High

Shopify is a multinational e-commerce company headquartered in Ottawa, Canada. As of 2021, the revenue of $SHOP was $4.61 billion with a total number of 10,000 employees. Shopify’s IPO took place on May 21, 2015, on TSX and NYSE at $17 per share. Right from its IPO, Shopify investors have enjoyed a rather smooth rally for years up until its all-time high at $176 in November 2021. After the month of the all-time high, the next 7 months closed bearish on the monthly charts.

In October 2022, price had dipped as low as $24.05 as a result of the bearish run from the all-time high. That was over 86% decrease in value. Since 2023 opened, Shopify’s share price has been rallying. This rally has taken price up to a 9-month high. Currently, price is at $47.33. This rally might be for a short period of time as the bears might push price lower below $23 in the coming months. The weekly chart shows price is oversold but the monthly chart shows price has been overbought. The bullish momentum might be counteracted with an aggressive bearish turn.

January 9, 2023January 9, 2023

AMTD Digital Surges by 199% in 24 hours

AMTD Digital is a Hong Kong-based financial technology firm founded in 2019. It’s a subsidiary of AMTD Group. It had its IPO in July 2022 on the New York Stock Exchange at $12 per share. In August, just two weeks after the IPO, there was a rally that took price up to $2545 which stands as the all-time high. That price gain was over 212X.

After the all-time high was reached, there was a massive price dump in that same month of August and price went below $100. Since September 2022, price has been below $100. AMTD Digital closed 2022 below IPO at $10.09. It opened on the first trading day of 2023 at that same price. On the 5th of January, there was a gap up and price closed for the day at $29. This rise was an appreciation of 199.50% in one trading day.

Currently on the daily chart as a result of the price rally, RSI shows price has been overbought. Our analysts think that price might rally to $60 soon.

November 30, 2022November 30, 2022

Credit Suisse In Worst Ever Bearish Run

Founded in 1856, Credit Suisse Group AG, Credit Suisse for shorts, is a global investment and financial services firm based in Switzerland. It is not only listed locally on the Swiss Stock Exchange, and it is also listed on the London Stock Exchange and New York Stock Exchange.

In September 1995, Credit Suisse Group AG got listed on NYSE at an IPO price of $22.93. Since the IPO, Credit Suisse bulls have been able to push price to an all-time high at $77.38 in April 2007. Since this all-time high, the bears have steadily gained control of the price movement as price dipped to $17.94 i.e. below IPO, in March 2009.

From March 2009, there was a rally to October of that same year that took price to $58.69. However, since then, Credit Suisse has nosedived as share price hit a record low of $3.37 yesterday, November 28, 2022. According to Bloomberg, this is the investment bank’s worst bearish run ever. According to our analysts, Credit Suisse share price is expected to bounce from this point to $6 soon.

November 21, 2022November 21, 2022

Goldman Sachs On A 6-Week Rally

On the first trading day of the year 2022, Goldman Sachs share price opened at $387.10. The bulls only enjoyed a few days of rally as price reached the year’s high at $413.33. This mark was hit on the 5th of January which was the third trading day of the year.

Following this rally that took price to the year’s high, the bears have been in control of the price movement causing a dip in price. This dip has seen Goldman Sachs’ price sink to hit the year’s low at $278.19 in July 2022. The last time price went this low was in January 2021. It is worthy of note that Goldman Sachs hit its all-time high in the same year 2021 at $426.50.

In the second half of this year, the bulls have become more active. There was a bounce from the year’s low to $359.50 in August 2022, which was also the initial resistance for the second half of 2022. When this resistance was hit, there was a correction on the weekly chart which caused price to fall below $300 for the second time in the year.

In October 2022, the bulls regained control of the price movement sending Goldman Sachs’ share price on a 6-week jolly ride upward. Price is currently at $379.14, which is the resistance level on the weekly chart. Although, RSI indicates price is overbought on the daily chart, it does not indicate that it is overbought on the weekly chart. Our analysts believe that this rally is strong enough to take Goldman Sachs’ share price to a new all-time high.

October 31, 2022October 31, 2022

Meta Falls Below $100 For The First Time Since 2016

Meta is one of the world’s most valuable companies. As of 2021, the revenue was over $117billion. Mark Zuckerberg is the controlling shareholder of Meta. In October 2021, Meta changed its name from Facebook. Meta reached an all-time high at $384.33 in August 2021. All months in 2021 closed bearish except for March and April 2022. The Bulls are having a hard time with the continuous downtrend movement since 2021 all-time high.

Meta’s share price closed at $130.28 on the 26th of October, but opened today, the 27th of October at $98.04 as a result of a gap-down. On the Daily Chart, RSI shows price has been oversold in September and October. A price rally might occur, which could close the gap down and price could reach $120.

October 19, 2022October 19, 2022

Carnival Corporation Share Price Bounces from Support Level

Carnival corporation &plc is a British-American cruise operator with a combined fleet of over 100 vessels across 10 cruise line brands. Carnival corporation had its IPO in July 1987 at $3.94 per share. Carnival corporation is listed on NYSE and LSE. As of this year, the total staff of Carnival corporation stands at 150,000.

Carnival corporation & plc announces offering of $1.25 Billion for refinancing to be issued by Carnival Holdings in Bermuda. This news could have been the reason for an uprise in the price of Carnival yesterday, with 11.14% appreciation in price.

Over the years as price rallied, $CCL reach an all-time high in January 2018 at $72.85 and fell to $8.08 as a result of the 2020 pandemic. Post-Lockdown, a rally to $31.83 occurred in 2021, which currently stands as a a two-year high. Before the 11.14% rally yesterday, the price of $CCL fell to $5.89, which makes it the lowest price since 1991. We might be seeing a rally to $11 in the coming weeks from its current price at $8.08.

October 18, 2022October 18, 2022

Archaea Energy Gains Over 50% In One Day

Archaea Energy is one of the largest renewable natural gas producers in the United States with an industry leading RNG platform and expertise in developing, constructing and operating RNG facilities to capture waste emissions and convert them into low-carbon fuel.

Archaea Energy had its IPO in December 2020 at $11.50 per share. The first four months of its IPO closed bearish until the bulls took over at the beginning of the second quarter in 2021 as price reached a new high in June 2021 at $18.61. The highest point Archaea’s share price reached in 2021 was $21.95 and the closing price for the year was $18.28.

The first four months of 2022 was majorly bullish as Archaea Energy attained a new high at $23.75 in April 2022. The following month was followed by a bearish turn which resulted in price reaching a current year’s low at $12.62 in June 2022. A rally then commenced from the year’s low to an all-time high of $26.12 on October 17, 2022 which was as a result of a gap up.

This gap up is the result of a recent announcement by British Petroleum of its plans to expand into bioenergy by acquiring Archaea Energy for approximately $4.1Billion. The gap up led to a 54.15% appreciation in Archaea Energy’s share price which is the highest rally in a single day since its IPO. As a result of the rally, RSI is currently overbought on the daily chart which might lead to a correction in price and this correction might reach $24.

July 25, 2022July 25, 2022

Snapchat Loses 39% Of Share Value In 24 hours

Snapchat had its IPO in March 2017 at $24. The first two trading days closed with the bulls in charge. The third trading day had the bears gaining traction and this traction transitioned into a full-blown bearish run up until December 2018. In that month of December 2018, Snapchat share price hit $4.88, which stands as the all-time low.

2019 began on a brighter note in comparison to the previous year as the first seven months of 2019 closed bullish. This bull trend couldn’t complete a year-long run as price ranged between $12 and $18. A few months into 2020, precisely in April, the bulls became active while price was about $11. On the monthly chart, a bullish steam picked up and it raved on until Snapchat’s share price hit $83, which stands as the all-time high. This all-time high was reached in September 2021.

Ever since this all-time high was hit, Snapchat’s share price has been falling heavily. Since September 2021 till date, all monthly candlesticks have closed bearish except for February 2022. So far, Snapchat has lost over 87% of its all-time high. Since May 24 2022, the price of Snapchat has been ranging between $11 and $15.

On the 22nd of July, 2022, a gap down occurred that resulted in a 39% loss in value as price fell from $16 to $9.97. The last time price got to this level was in March 2020 during the lockdown. In the next few weeks, we could see price rallying above $20 as price is currently oversold on the RSI.