Shares of AMC Entertainment Holdings Inc. dove 7.2% in afternoon trading Tuesday, putting them on track to close at a 22-month low. The “meme” stock has now...
Shares of AMC Entertainment Holdings Inc. AMC dove 7.2% in afternoon trading Tuesday, putting them on track to close at a 22-month low. The “meme” stock has now plunged 22.8% amid a three-day losing streak, since the movie theater operator announced a $110 million equity capital raise, and said it would propose a boost in common shares outstanding to permit the conversion of AMC’s preferred equity units APE, or APEs. Meanwhile, the APEs rose 7.8% on Tuesday, and have rocketed 171.
The “meme” stock has now plunged 22.8% amid a three-day losing streak, since the movie theater operator announced a $110 million equity capital raise, and said it would propose a boost in common shares outstanding to permit the conversion of AMC’s preferred equity units APE , or APEs. Meanwhile, the APEs rose 7.8% on Tuesday, and have rocketed 171.0% over the past three sessions. B.
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