AMC Entertainment shares are trading lower after the company reported Q3 financial results and announced a $350 million at-the-market offering.
Portfolio Pulse from Benzinga Newsdesk
AMC Entertainment reported Q3 financial results and announced a $350 million at-the-market offering. This news has led to a decrease in the company's share price.
November 09, 2023 | 2:20 pm
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AMC Entertainment's shares are trading lower after the company reported Q3 financial results and announced a $350 million at-the-market offering.
AMC Entertainment's announcement of a $350 million at-the-market offering implies an increase in the company's outstanding shares, which can dilute existing shareholders' equity. This, combined with the Q3 financial results, has led to a decrease in the company's share price.
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