AMC shares are trading lower amid the company's 10-for-1 reverse stock split.
Portfolio Pulse from Benzinga Newsdesk
AMC Entertainment Holdings Inc. has announced a 10-for-1 reverse stock split, leading to a decrease in the company's share price.
August 24, 2023 | 3:11 pm
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AMC's 10-for-1 reverse stock split has led to a decrease in the company's share price.
A reverse stock split reduces the number of shares in circulation, which can lead to an increase in the stock's price. However, in AMC's case, the market has reacted negatively to the news, leading to a decrease in the company's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100