AMC Entertainment's shares drop significantly by 14.30% in premarket trading following the company's announcement of a plan to sell up to $250 million in common stock. The stock sale aims to boost liquidity due to soft box office performance in the first quarter. Various financial institutions are involved in the equity distribution agreement. The market reacts negatively to the news, with AMC's stock price falling by 6.63% on the NYSE. The company's decision to sell shares is attributed to cash burn and challenges in the box office sector. AMC's stock value has plummeted over 96% in the past three years, raising concerns about dilution of investors' equity value and the board's inaction.
I don’t know where to begin with a CEO who sells tens of millions of his stock when it was pumped into double digits (high triple digits when you factor the reverse split) as the company was bleeding cash. He then dilutes his loyal shareholders and shares of $AMC fall 99 percent… https://t.co/13ET4vkAxv
🇺🇸 AMC Theatres shares plummet as theater chain reels from box office struggles https://t.co/vd1ZEopcVp
This aged well; $AMC fell to the equivalent of $37 cents today. Sad Ha! https://t.co/bzCeO8VB37
In just over 3 years, $AMC shares have fallen over 96% from $105 to $3 @ceoadam has made lots of money selling stock, while investors get diluted toward zero equity value Why has the board failed to act? https://t.co/wc5xtJjKP0
AMC Entertainment $AMC closes at 2nd lowest price in history. Imagine how bad things would be if the market hadn't been going completely vertical 👀 https://t.co/ah5eaNfyMH
Once again tying to convince people that $AMC is killing it after falling another 15 percent to the equivalent of 37 CENTS. How pathetic https://t.co/hoaWPlaOMA
AMC Theatres shares plummet as theater chain reels from box office struggles https://t.co/tX2QqPlVCi
AMC shares fall 13% as movie theater chain announces stock sale - my story for @MarketWatch #AMC $AMC https://t.co/L2q1DOkcpC
AMC $AMC drops 12% as movie theater chain announces new equity offering https://t.co/lw2ZNfUc8h https://t.co/WaOjkn9o4R
AMC Tumbles After Stock Sale Announced. The Box Office Downturn Is Biting. https://t.co/Btsb4DvkKe
Shares of AMC Entertainment $AMC are down over 12% this morning after the theatre chain announced a stock sale to boost liquidity "in light of the low first quarter box office" #stocks https://t.co/4PoM0iQtnS
$AMC AMC Entertainment Holdings (AMC) 4.34 +0.27 (+6.63%) 03/27/24 [NYSE] PRE-MARKET 3.71 -0.63 (-14.52%) 09:11 ET Our affiliate @Mycallsystem $4 puts from $4.81 #InTheMoney MOASS you say @CEOAdam
Shares of cinema chain AMC slammed in premarket on stock-sale announcement https://t.co/jXHjkKDVmp
AMC shares fall 14% as movie theater chain announces stock sale https://t.co/994FUwiRP0
AMC Entertainment Shares Plunge On Proposed Stock Sale As Chain Cites Soft Box Office, Cash Burn https://t.co/R2cKWMh142
$AMC -14.30% premkt ❖ AMC Entertainment files to sell up to $250M in common stock "We have entered into an equity distribution agreement with Citigroup Global Markets Inc., Barclays Capital Inc., B. Riley Securities Inc. and Goldman Sachs & Co. LLC, as our sales agents ,…
Things people know about him: He lost all his money on $AMC. Surprised? sad ha! https://t.co/b7sHXPBFEL
believe this clown and you also would have believed you are getting rich on $AMC stock sad ha! https://t.co/0ICLqddhQY
Retail investors who pumped $AMC got smoked because the company was losing money, needed to dilute them to stay barely solvent and the insiders (aka management) needed to sell into the pump to make a few dollars. Now lets look at $DJT: The company loses money; it's going to need…