What In The World Is Going On With AMC Stock?
Portfolio Pulse from Henry Khederian
AMC Entertainment Holdings Inc's shares are trading higher by 9.3% amid continued volatility following the company's reverse stock split and the conversion of AMC Preferred Equity Units into common stock. Despite this, AMC stock has fallen roughly 85% over the past year. The total AMC share count rose from roughly 542.2 million to 550 million shares.
August 30, 2023 | 3:11 pm
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AMC's stock is experiencing volatility following a reverse stock split and equity unit conversion. Despite a recent rise, the stock has seen a significant decline over the past year.
The recent rise in AMC's stock price is likely due to the reverse stock split and equity unit conversion. However, the stock has been on a downward trend over the past year, indicating that these actions may not have a long-term positive impact.
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