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Here is the latest news and updates for Sundial Growers, AMC, Lordstown and American Airlines.
Sundial Growers Inc (NASDAQ:SNDL) shares are trading higher after the company reported better-than-expected fourth-quarter sales results. Sundial reported quarterly sales of $13.90 million, which beat the analyst consensus estimate of $12.07 million by 15.16%.
AMC Entertainment Holdings Inc (NYSE:AMC) announced that beginning Friday, 98% of its U.S. theatres will be open for guests to visit. AMC expects that by March 26, 99% of its U.S. circuit will be open.
Lordstown Motors Corp (NASDAQ:RIDE) says it received a request for information from the SEC related to the Hindenburg Report alleging fraudulent business practices. The report detailed claims that:
- Customers who reserved hundreds of trucks from LMC have no intention of buying them. And were never told they had to take delivery.
- Lordstown is a "mirage" that paid outside consultants to pad the order numbers to increase investor confidence.
- Founder Steve Burns used unethical and deceptive business practices and untested components to make the electric commercial pickup truck called Endurance.
On Jan. 15, American Airlines Group Inc (NASDAQ:AAL) entered into the payroll support program extension agreement with the U.S. Treasury. American Airlines has now received the second installment of PSP2 financial assistance totaling $1.5 billion
The U.S. Treasury created the Payroll Support Program Extension (PSP2) for passenger air carriers and certain contractors for financial support amid the pandemic.