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People are going back to the movies, which is good news for the long-term health of the world’s largest movie theater chain, AMC Entertainment (NYSE:AMC). Dismissed by analysts who said its ...
In early February AMC announced preliminary 4th quarter revenue of about $1.17 billion and adjusted EBITDA between $146.8 million and $151.8 million.
A screen displays the logo and trading information for AMC on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 29, 2022.
AMC also executed a 10-for-1 reverse stock split at the time. AMC CEO Adam Aron previously said the stock conversion was crucial to AMC having proper cash balances in 2024 and 2025.
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AMC stock jumped as much as 9% in early trading on Thursday after the theater chain announced it received approximately $325.5 million of new equity capital through the sale of 40 million shares.
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AMC (AMC) might be lacking cinema goers, but it has recently done an excellent job in providing enough drama and action to keep any avid market watchers satisfied. The company is one of several ...