First Republic Bank (FRC) continued its 🛝🛝🛝 on 17/3 (Fri) after the bank suspended its dividend & disclosed higher borrowing costs eating into its valuation, despite an unprecedented $30 billion deposit from 11 major 🇺🇸 banks🏦🏦🏦 Wedbush analyst was 🐻🐻🐻-ish while JPMorgan was 🐂🐂🐂-ish… 🔎🔎🔎 Wedbush Analysis： FRC was downgraded by a Wedbush analyst, who put a $5 price🎯 on the stock after capital infusion😨😰🥵⁉️ Investors reacted to the analyst’s downgrade & sold-off again😓😓😓 FRC 🚀🚀 & closed at $34.27 on 16/3 (Thu) after 📰 of the $30 billion capital infusion but crashed💥💥💥 32.8% to close at $23.03 & 🛝🛝🛝 another 15.33% at post-market trading on 17/3🔥🥵🔥🥵🔥 ⚠️ The analyst warned that a potential sale of the company “could result in minimal, if any, residual value to common equity hold
AMC Stock Surged Ahead of Earnings. The 'APE' Saga Continues AMC Entertainment Holdings stock surged on Monday, as traders piled in ahead of the firm's earnings report on Tuesday and after a Delaware Chancery Court filing indicated that a potential dilutive share authorization could be delayed. $AMC Entertainment(AMC)$ rose 23% to $7.61 on Monday. AMC Preferred Equity Units, which could ultimately convert to common stock pending shareholder votes, were down 4.4% to $2.05. Reuters reported Monday that a Delaware Chancery Court judge ruled on Monday that AMC will face an April 27 hearing. The company is being sued by AMC shareholders who argue that its issuance of APE units cuts voting power of common shareholders that