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AMC Entertainment is cashing in on the revival of the meme stock trade.The struggling theater chain raised $250 million of "new equity capital" through the sale of 72.5 million shares on Monday ...
AMC Entertainment Holdings, Inc (NYSE:AMC) stock is trading lower Friday, like other popular retail trader stocks, also called the ‘meme stocks,’ in sympathy with GameStop Corp (NYSE:GME).
The stock is down 90% since July 2023, when it traded just north of $40 per share. In June 2021, the stock closed as high as $339.05 per share on a split-adjusted basis. AMC is expected to ...
AMC stock gained 19% to $22.18 at the close on Friday after initially falling following the announcement of the new units on Thursday. The preferred shares started trading under the "APE" ticker on the New York Stock Exchange starting Aug. 22. [83] AMC CEO Adam Aron stated "We are making great strides on our path towards pandemic recovery".
AMC's (AMC) stock soared 45% on Monday. Shares closed at $29.33 each, above their highest closing level of the year in early January.
On January 27, r/wallstreetbets triggered a short squeeze on AMC Theatres (ticker symbol: AMC), a company in a similar position to GameStop. [38] The value of AMC Networks (ticker symbol: AMCX) also increased significantly, which was believed to have happened because of the stock's name being similar to AMC's. [39]
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.
AMC has received warrants to purchase at least 20 million shares or the equivalent of 50.1% of the company. The time frame for exercising those warrants is open-ended, AMC said. [31] On November 15, 2016, AMC acquired a minority stake in comedy video website and film and television production company Funny or Die, with plans to integrate it ...