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Market Announcement: MovieStocks will no longer halt and adjust on opening weekend

Posted by: Antibody on Nov 20, 10:31

Beginning with the weekend of November 25th, MovieStocks of wide release films will no longer halt trading at 6 pm Pacific Time on Saturday and adjust in price on Sunday. 

Since the halt time was pushed back from Friday to Saturday six years ago, traders have been able to make trading decisions based on real box office performance.  Keeping the MovieStocks halted for another 16 hours or so has become redundant as MovieStock prices have mostly been settled by the Market.  This is especially true for films that open on Wednesday like the upcoming Thanksgiving weekend.

As noted throughout the site, the price of a MovieStock reflects the film's potential domestic box office during its first four weeks of wide release, or twelve weeks if the film remains in limited release.  This remains the same and does not change.    What has changed is the movie industry after nearly 20 years  of MovieStock price adjustment.  The standard weekend adjust multiplier has gone down from 2.9 to 2.8 to 2.7 as opening weekend takes up a bigger fraction of the 4-week box office.  Now, films are opening on Thursday night, which skews the opening weekend of genre blockbusters resulting in adjust prices that end up much higher than the delist prices of MovieStocks.  On the other hand, films that open before Christmas needlessly adjust down in price or remain deflated due to their opening weekend making up a smaller fraction of the 4-week box office over the holiday season.   These artificial price spikes and drops during opening weekend do not accurately reflect these films’ box office.

Making matter worse this year are several films opening wide on Sunday, December 25, which does not have a reliable standard multiplier.  There’s also no certainty that studios will even issue official two-day estimates on Monday, December 26 necessary to do the price adjustment.

Thank you for all your feedback as this decision was not made lightly.  For those who still want to play the halt, the Opening Weekend Warrants still halt on Friday at 10 am Pacific Time.  You can invest 100,000 shares, just like MovieStocks.






A Big Bold Beautiful Journey (ABBBJ) 1 35.76 (+2.04)          Cleopatra (CLEOP) 150000 56.73 (+0.97)          Snack Shack (SNACK) 1000 0.88 (-0.12)          Cynthia Erivo (CERIV) 1000 27.60 (+0.13)          Channing Tatum (CTATU) 1000 73.88 (+0.50)          Robotech (RTECH) 150000 15.66 (+1.47)          Robotech (RTECH) 150000 15.66 (+1.47)          A Big Bold Beautiful Journey (ABBBJ) 150000 35.76 (+2.04)          A Big Bold Beautiful Journey (ABBBJ) 150000 35.76 (+2.04)          Hugh Jackman (HJACK) 24999 19.99 (+0.19)          Steve Carell (SCARE) 1000 80.68 (+0.01)          Ghostbusters: Frozen Empire (GHST5) 13371 111.78 (+0.14)          One Life (1LIFE) 149999 5.48 (+1.24)          Gladiator 2 (GLAD2) 1000 167.34 (+1.14)          Anthony Hopkins (AHOPK) 10020 46.60 (+0.23)          Ariana DeBose (ADEBO) 25000 36.65 (0.00)          Science-Fiction Fund (SCIFI) 5000 81.78 (+0.09)          Rupert Friend (RFRIE) 25000 12.78 (+0.30)          Ariana DeBose (ADEBO) 1000 36.65 (0.00)          Anya Taylor-Joy (ATJOY) 1000 68.83 (+0.01)          Ghostbusters: Frozen Empire (GHST5) 1000 111.78 (+0.14)          Doctor Strange 3 (DRST3) 1000 130.05 (-0.55)          Knox Goes Away (KNOXG) 150000 2.06 (-0.23)          Black Bag (BLCBG) 150000 20.13 (+0.13)          Firebrand (FRBRN) 150000 2.30 (-0.06)          Frozen III (FROZ3) 1000 293.70 (+2.36)          Kung Fu Panda 4 (PAND4) 1000 144.18 (+2.06)          Ghostbusters: Frozen Empire H$45 (GHST5.CA) 100 2.27 (-0.18)          Godzilla x Kong: The New Empire (KONG2.PU) 100 2.33 (-0.06)          Black Bag (BLCBG) 150000 20.13 (+0.13)          The Wind in the Willow (TWITW) 1 3.33 (+0.02)          Bermuda (BTRIA) 1 4.97 (+0.01)          Conclave (CNCLV) 1 5.15 (+0.07)          Late Night with the Devil (LNWTD) 1 2.75 (+0.03)          Between the Temples (BTMPL) 1 1.39 (+0.01)          The Penguin & The Fisherman (TPATF) 1 3.71 (+0.02)          Old Guy (OLGUY) 1 2.62 (+0.08)          One Life (1LIFE) 1 5.48 (+1.24)          Queen Rock Montreal (QROCM) 1 2.38 (+0.01)          Problemista (PRBLM) 1 3.92 (+0.28)          Hard Truths (HTRUT) 1 5.11 (+0.10)          Hope (HOPE) 1 3.19 (+0.01)          Batgirl (BATGR) 1 4.07 (+0.02)          Fancy Dance (FNCYD) 1 0.64 (+0.01)          James Marsden (JMARS) 25000 92.96 (+0.75)          Al Pacino (APACI) 25000 38.01 (-0.12)          Dune: Part Two (DUNE2) 150000 232.61 (-1.21)          Michael Keaton (MKEAT) 25000 93.03 (+0.50)          Michael Keaton (MKEAT) 25000 93.03 (+0.50)          Afterburn (AFBRN) 150000 18.67 (+0.20)