Not even the wildly successful Taylor Swift partnership could lift AMC Entertainment Holdings Inc. from a continual downturn. The most recent event was noted on Tuesday, December 12th, as the company dropped 5% in shares following the completion of its latest equity offering. The offering raised $350 million by selling around 48 million shares [...]
AMC Entertainment Holdings (AMC), one of the most discussed meme stocks in recent history, secured $325.5 million in an at-the-market equity offering in hopes of keeping the company alive. The cinema chain and entertainment company has been on a tumultuous journey over the past few years. After getting the meme boost and seeing highs [...]
Early this morning AMC stock plummeted 25% in pre-market trading before settling around a 12% loss by 11:30 AM EST. This came after a press release from the entertainment company announcing a $110 million equity capital raise along with a proposed reverse stock split. There are quite a few moving pieces to the [...]
