Amc Entertainment Stock Falls On Share Sale Announcement
Amc stock was down as much as 28% after it resumed trading. at recent check, the stock was 25% to $46.90. the stock was up around 20% in early morning trading. that drop comes on the heels of an incredible run for amc stock on wednesday that pushed the movie theater chain’s market capitalization above gamestop ‘s (gme), its peer in the meme. Amc entertainment shares ended a rollercoaster trading session down 18% on thursday after the company announced a stock sale. the wild trading day is the latest in the theater chain meme stock’s. The stock has soared 402.8% quarter to date, while shares of fellow movie theater operator cinemark holdings inc. cnk, 6.00% have gained 13.0% and the s&p 500 index spx, 2.47% has tacked on 5.5%. Shares of amc entertainment fell 6 per cent in early deals on friday, a day after the reddit darling completed its second share offering this week. the cinema operator has taken advantage of a red hot rally in its stock since mid may to sell shares, raising $587.4 million on thursday alone. the company said late on thursday it would ask. March 30, 2022 frank nez. trading halts cause amc stock to fall more than 11%. amc falls more than 8% the day after market makers halted trading, though the sec has the power to halt trading as well. the theatre chain stock had risen to more than $34 per share shortly after the market opened. but a trading halt seized retail momentum causing.
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The stock dropped 27% in wednesday’s after market trading session. amid the share frenzy, amc completed a previously announced at the market equity program for 50 million shares of its class a. B. riley securities and citigroup global markets are amc's sale agents for the stock sale. separately, amc on tuesday announced a sale of 8.5 million shares to mudrick capital at approximately $27. The company's share price subsequently rose to a six month high of $7.04 on september 2, 2020. this was mainly driven by amc's disclosure on september 1, 2020 that 70% of its movie theaters in the.
Amc Shares Plunge After Share Sale Filing
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