AMC Stock Just Hit a New All-Time Low
AMCAMC(US:AMC) InvestorPlace·2024-01-03 21:19

Dilution, dilution and dilution. That’s exactly what shareholders of AMC Entertainment (NYSE:AMC) have experienced in recent weeks, which has led to shares of AMC stock reaching a brand new all-time low of $5.55 today.In December, AMC announced that it had completed its $350 million at-the-market (ATM) offering. The offering consisted of 48 million shares at an average per share price of $7.29.The movie theater chain then turned around and used a portion of the proceeds to repurchase debt or exchange debt f ...

AMC Stock Just Hit a New All-Time Low - Reportify