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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).
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 became a retail trade favorite last year during the "meme stock" phenomenon. The company has raised money through offerings as its share price soared in 2021 thanks to retail investors.
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 (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 ...
AMC Entertainment Holdings, Inc (NYSE:AMC) is trading up Thursday, reversing its Wednesday losses. The stock is up over 7%. The American movie theater chain got a boost from Imax Corp’s (NYSE ...
Entertainment Properties Trust was created by AMC Entertainment executive Peter Brown and financial analyst David Brain. They decided to establish a REIT focused on megaplex movie theaters after failing to find an existing REIT to help finance AMC's development of theaters. [3] [4] The company was incorporated on August 22, 1997. [5]
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