What's Going On With AMC Entertainment Stock?
Portfolio Pulse from Adam Eckert
AMC Entertainment Holdings Inc's shares have been declining, adding to significant losses over the last month. The drop followed a 10-to-1 reverse stock split and the conversion of preferred equity shares into common stock. The company also entered into an agreement to sell up to 40 million shares of common stock in an offering program. Despite raising approximately $325.5 million of new equity capital, the stock has continued to trend lower and is now down more than 66% in the last month. AMC has lost more than 90% of its market value over the last year, despite a resurgence in box office numbers.

September 19, 2023 | 4:01 pm
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AMC's stock has been on a downward trend, losing more than 66% in the last month and over 90% in the last year. Despite raising $325.5M in new equity capital and a resurgence in box office numbers, the stock continues to decline.
The company's recent actions such as the reverse stock split, the conversion of preferred equity shares into common stock, and the agreement to sell up to 40 million shares of common stock have not been able to stop the stock's decline. Despite raising new equity capital and a resurgence in box office numbers, the stock continues to trend lower.
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