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American Motors Corporation (AMC; commonly referred to as American Motors) was an American automobile manufacturing company formed by the merger of Nash-Kelvinator Corporation and Hudson Motor Car Company on May 1, 1954. At the time, it was the largest corporate merger in U.S. history.
In August, a Delaware court approved a merger between AMC and AMC preferred shares that made all outstanding shares AMC common stock. AMC also executed a 10-for-1 reverse stock split at the time.
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.
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 ...
The AMC Gremlin (also American Motors Gremlin) [1] ... Super Stock and Drag ... This was the third time a case like this happened within the company with Rebel and ...
AMC stock sank about 11% on Thursday, hovering around $4.50 per share. The stock is down more than 90% over the past year as the company has been issuing shares to pay down its debt, ...
Launched with considerable publicity, the Edsel (named after Henry Ford's son) was the culmination of $400 million in investment and marketing by the Ford Motor Company to create a new brand of car positioned between the entry-level Ford and the medium-priced Mercury brand that was to compete against the General Motors brands Buick and ...
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 ...