AMC Entertainment's stock dropped by over 35% after the company announced plans to sell more than 40 million common shares. This follows a reverse stock split and the stock hitting its lowest point since January 2021. AMC has struggled on Wall Street, with the stock falling around 84% in the past year and over 73% in the last quarter. The company has recently entered into an equity agreement with Taylor Swift's Eras Tour, with the proceeds intended for improving liquidity, repaying debts, and general corporate purposes.