AMC Entertainment Holdings (NYSE: AMC) AMC Entertainment is up 11.35% premarket after the Delaware's Court of Chancery ruled against fast tracking a proposed settlement with shareholders that would allow a capital raise for the meme stock. Late Monday, AMC Entertainment, in its SEC filing, disclosed a binding statement with plantiffs in the shareholder lawsuit regarding the movie theater chain's stock conversion plan. Meme stocks like AMC and BBBY can be risky, which is why we focus on only the most battle tested strategies for winning trades. Our Head Fundamental Tactician Karim Rahemtulla loves to track insider buying (the legal kind) as part of his Insider Matrix. In his 35 years of trading experience, insiders are right 80% of the time. Right now the win rate on Karim's insider trades is 71%. If you want to follow every insider buy he tracks, click here to join the Insider Matrix. Lumentum Holdings Inc. (Nasdaq: LITE) Lumentum Holdings is down 11.62% premarket after recent business conditions led their shareholders to expect a greater chance of rough waters ahead. The maker of optical and phototonic technology reported preliminary fiscal third-quarter financial results for the period that ended April 1, and cut its guidance for the period dramatically. The company cited a network equipment manufacturing customer that represented more than 10% of its sales for the previous quarter, telling Lumentum that it wouldn't accept shipments during the period. Moreover, Lumentum doesn't expect this merely to be a timing issue, as it sees continued weakness in sales to this particular customer in the current fiscal fourth quarter. Those are the biggest stock movers for today. Happy trading! The Wake-Up Watchlist Research Team |
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