HELIOS MOVIE PASS STOCK FULL

(For a while, pre-pandemic, MoviePass dealt with this risk by changing people’s passwords so they couldn’t use the product, an incredible power move that surely would have appealed to Reddit?) It just seems perfectly set up for 2021, and it’s a shame we never got to see what happened, because its business model did not work, it ran out of money, and Helios & Matheson filed for bankruptcy in 2020. This led people to short the company (technically its parent company, Helios & Matheson Analytics Inc.), which would no doubt have infuriated Reddit meme-stock traders and led them to short-squeeze it.Īlso I guess … I guess that Covid-19 would have been really good for MoviePass? Its main risk was that people would use its product, and in a pandemic they’d have to stop. According to Hesiods Theogony, her parents were the Titans Hyperion and Theia her brother was Helios.

HELIOS MOVIE PASS STOCK FULL

Also its business model made no sense: You could see all those movies because MoviePass would buy tickets for you, at full price, generally $10 a ticket or more it lost money on most of its customers every month. Moon Goddess Pictures, Images and Stock Photos.

Additionally, Helios and Matheson saw higher-than-average trading volume. Its product - you pay MoviePass $10 a month, and in exchange you can see as many movies as you want, in theaters - has the retail-focused, nostalgic, pandemic-scarred appeal of other meme stocks like AMC Entertainment Holdings Inc. HMNY stock closed at 0.0085, representing gains of 165 from its opening price of 0.0027 on Tuesday. The price eventually closed at 10.60 per share, a drop of more than 50. 7 Things to Know About HMNY Stock as Investors Await MoviePass Countdown News. Shares of Helios and Matheson ( HMNY) started plunging as soon as the market opened Wednesday. MoviePass parent Helios and Matheson files for Chapter 7 and stock falls to zero - MarketWatch. Heres why, and what to do in light of the big gains. Buy/Sell Helios and Matheson Analytics over-the-counter (OTC) with Public. How could it not have become a meme stock? It has everything. MoviePass has seen its stock price skyrocket over the last few weeks. Prior to Tuesday's 13 percent decline, Helios had plunged by 45 percent on October 12th, on news that the company had met the financing conditions necessary for it to consummate its investment in MoviePass.Obviously if MoviePass hadn’t gone bankrupt in January 2020, but had instead limped along until January 2021, it would be a $50 billion company right now. The stock has been in a volatile price and volume pattern over the past few weeks as investors digest the MoviePass economic model and the company's longer-term prospects. According to, 62% of Helios shares are held by short sellers. Investors Business Daily suggested that the huge run-up in the Helios share price may have been spurred partly by short sellers being forced into covering their positions.

When MoviePass announced its new numbers the next month, Helios' stock reacted just as swiftly, rocketing by 1400% from $2.50 on September 14 to an all-time high of $38.66 on October 11. Consumer reaction was swift, and the company received initial payments from over 400,000 new subscribers in a matter of days. All of that changed on August 15 th, when MoviePass announced that it was dropping the price of its movie-ticket-a-day service from as much as $50/month down to $9.95.

Helios movie pass stock