Shares of top movie theater operator AMC Entertainment fell 9% to close at $4.72 on above-normal trading volume after the company revealed a plan to sell up to 50 million shares。
Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $5.20, but。
This, why amc stock downin turn, would further dilute AMC shares’ value and likely drive the stock price down. In the absence of additional capital, the most apparent course of action would be to file for Chapter 11.
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