{"id":20067,"date":"2023-09-06T09:33:27","date_gmt":"2023-09-06T16:33:27","guid":{"rendered":"https:\/\/marketdepth.com\/?p=20067"},"modified":"2023-09-13T11:16:16","modified_gmt":"2023-09-13T18:16:16","slug":"amc-stock-plummets-after-company-sells-40-million-shares","status":"publish","type":"post","link":"https:\/\/marketdepth.com\/amc-stock-plummets-after-company-sells-40-million-shares\/","title":{"rendered":"AMC Stock Plummets After Company Sells 40 Million Shares"},"content":{"rendered":"\n
AMC Entertainment (AMC:NASD)<\/strong> announces plan to sell 40 million shares \u201cto bolster liquidity, to repay, refinance, redeem or repurchase its existing indebtedness,\u201d and general corporate purposes. The stock is down over 28% intraday as some dilution strategies take effect. <\/p>\n\n\n\n “AMC should now be able to raise additional equity capital.”<\/p>\nAMC CEO Adam Aron<\/cite><\/blockquote>\n\n\n\n The company took a beating over the pandemic but got rescued by becoming a meme stock on reddit and helped the company fight off bankruptcy and come out of the pandemic stronger.<\/p>\n","protected":false},"excerpt":{"rendered":"AMC Entertainment (AMC:NASD) announces plan to sell 40 million shares \u201cto bolster liquidity, to repay, refinance, redeem or repurchase its existing indebtedness,\u201d and general corporate purposes. The stock is down over 28% intraday as some dilution strategies take effect. “AMC should now be able to raise additional equity capital.” AMC CEO Adam Aron The company… View Article<\/a>","protected":false},"author":3,"featured_media":19152,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"pmpro_default_level":0,"footnotes":""},"categories":[10,31,17,12,16],"tags":[],"acf":[],"yoast_head":"\n\n