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AMC stock surges 25% higher as Spider-Man breaks records

By William Hoffman

19:37, 17 December 2021

Spider-Man scene with Marvel character in action
Spider-Man No Way Home debuted Thursday 16 December - Photo: Sony Pictures

AMC shares surged as much as 25% higher on Friday after the movie theatre chain announced that Spider-Man: No Way Home’s theatrical release on Thursday broke AMC box office records.

The latest film in the iconic superhero franchise drove 1.1 million people to AMC theatres on its opening day – the single highest number of people watching one movie on one day at AMC’s US theatres during all of calendar years 2020 and 2021.

The Spider-Man movie also was the single highest-grossing movie title for a December opening night in AMC’s history. It was the second-highest-grossing movie title on its opening night in AMC’s history, falling just short of another Marvel franchise film, 2019’s Avengers: Endgame.

AMC stock performance

AMC stock rose as high as $30.71 per share, up from the prior day’s close of $24.45 per share.

The movie theatre chain continues to ride high on its meme-stock fame with the stock up nearly 1,400% on the year.


37,270.30 Price
+0.540% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 22:00 (UTC)
Spread 106.00


15,955.90 Price
-0.040% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 1.8

Oil - Crude

75.74 Price
+0.750% 1D Chg, %
Long position overnight fee -0.0211%
Short position overnight fee -0.0008%
Overnight fee time 22:00 (UTC)
Spread 0.030


2,014.89 Price
+0.050% 1D Chg, %
Long position overnight fee -0.0194%
Short position overnight fee 0.0112%
Overnight fee time 22:00 (UTC)
Spread 0.30

However, it is down 57% from its all-time highs of $72.62 per share achieved earlier this year.

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Box office hits

Domestically, Disney and Marvel’s Shang-Chi and the Legend of the Ten Rings is 2021’s highest grossing movie of the year so far at $224.5m in gross sales, according to Box Office Mojo.

Other stronger performers on the list this year include Venom: Let There Be Carnage, Black Widow, F9: The Fast Saga, Eternals and No Time to Die.

Despite movies increasingly receiving both theatrical and digital releases through streaming services, AMC saw revenues increase in 2021 as Covid-19 vaccines rolled out across the US and restrictions lifted. Through the first nine months of the year ended 30 September, AMC’s revenue is up 25.6% year over year. 

Read more: AMC offers new NFT to shareholders

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
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