What's Going On With AMC Entertainment Stock?
Portfolio Pulse from Henry Khederian
AMC Entertainment Holdings Inc's shares are trading lower by 2.52% to $12.77. The company recently announced the premiere of the TAYLOR SWIFT | THE ERAS TOUR concert movie in October. AMC Theatres will showcase the concert film starting October 13 with a minimum of four daily showtimes on Thursdays through Sundays. The company has expanded its ticket server capacity to accommodate high ticket demand. AMC shares are otherwise lower by 80% over the trailing year. The company commenced trading under a 10-to-1 reverse split arrangement last Thursday and its AMC Preferred Equity Units underwent conversion into common stock on Friday.
September 05, 2023 | 2:36 pm
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AMC's shares are trading lower despite the announcement of the Taylor Swift concert movie. The company has also commenced a 10-to-1 reverse split arrangement and converted its AMC Preferred Equity Units into common stock.
Despite the announcement of the Taylor Swift concert movie, which is expected to attract a large audience, AMC's shares are trading lower. This could be due to the overall downward trend of the company's shares over the past year. The company's recent equity actions, including a 10-to-1 reverse split arrangement and the conversion of its AMC Preferred Equity Units into common stock, may also be impacting the stock price.
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