AMC shares are trading lower on continued weakness after the company on Wednesday entered an equity distribution agreement for up to 40 million shares at an at-the-market program.
Portfolio Pulse from Benzinga Newsdesk
AMC shares are trading lower following the company's announcement of an equity distribution agreement for up to 40 million shares at an at-the-market program.
September 08, 2023 | 7:09 pm
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AMC's stock price is trading lower after the company announced an equity distribution agreement for up to 40 million shares.
The announcement of an equity distribution agreement for up to 40 million shares has led to a decrease in AMC's stock price. This is likely due to the potential dilution of existing shares, which can lead to a decrease in the stock's value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100