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MoviePass Majority Owner Rises After Canaccord Says Buy
Article By:
The Fly
Thursday, February 22, 2018 3:31 PM EDT
Shares of MoviePass majority owner Helios and Matheson were trading higher after an analyst at Canaccord initiated coverage of the stock with a Buy rating, noting that MoviePass provides a growth vector for a "challenged" theater sector.
In this article: HMNY
Helios And Matheson Drops After Increasing Stake In MoviePass
Article By:
The Fly
Friday, February 16, 2018 6:28 PM EDT
Shares of information technology services company Helios and Matheson Analytics (HMNY) are down almost 6% in Friday afternoon trading after the company announced earlier that it increased its stake in MoviePass' common stock to approximately 78%.
Helios And Matheson Jumps As MoviePass Exceeds Initial Projections
Are you sure theater traffic is on the decline? If $HMNY exceeded expecations in terms of movie goers, maybe it's on the upswing, no?