AMC Stock Tanks After Company Files To Sell 11 Million Shares
- 3 years ago
AMC Stock Tanks , After Company Files
To Sell 11 Million Shares.
On June 3, AMC Entertainment
filed to sell 11.5 million shares
of the company's stock.
Giving up a big gain, shares of
AMC dropped by 7% in premarket
trading following the news.
CNBC reports that the company plans
to use profit from the stock sale for
“general corporate purposes,” .
which could include paying off existing debt and acquiring new assets.
We believe that the recent volatility and our current market prices reflect market and trading dynamics unrelated to our underlying business, or macro or industry fundamentals, and we do not know how long these dynamics will last. , AMC, via SEC filing.
On June 2, the company launched
AMC Investor Connect for its retail investors, .
providing them with exclusive promotions
like a free tub of popcorn and direct
communications with CEO Adam Aron.
providing them with exclusive promotions
like a free tub of popcorn and direct
communications with CEO Adam Aron
To Sell 11 Million Shares.
On June 3, AMC Entertainment
filed to sell 11.5 million shares
of the company's stock.
Giving up a big gain, shares of
AMC dropped by 7% in premarket
trading following the news.
CNBC reports that the company plans
to use profit from the stock sale for
“general corporate purposes,” .
which could include paying off existing debt and acquiring new assets.
We believe that the recent volatility and our current market prices reflect market and trading dynamics unrelated to our underlying business, or macro or industry fundamentals, and we do not know how long these dynamics will last. , AMC, via SEC filing.
On June 2, the company launched
AMC Investor Connect for its retail investors, .
providing them with exclusive promotions
like a free tub of popcorn and direct
communications with CEO Adam Aron.
providing them with exclusive promotions
like a free tub of popcorn and direct
communications with CEO Adam Aron