AMC Entertainment ($AMC) has filed to sell up to $250 million in common stock, leading to a pre-market drop of 14.30%. The stock sale aims to boost liquidity due to low box office performance. Shares fell over 12% as the theater chain faces cash burn and struggles with soft box office numbers. The offering involves multiple sales agents including Citigroup Global Markets Inc., Barclays Capital Inc., B. Riley Securities Inc., and Goldman Sachs & Co. LLC. AMC's stock price has plummeted over 96% in just over 3 years, reaching $3. CEO Adam Aron has been criticized for selling stock while investors see their equity value diluted.
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
Imagine @ryancohen and $gme swooping in to purchase the $250m in shares that $amc has to sell per their offering. Cohen has over $1 Billion to invest as he sees fit. Amc is using several different firms to sell the offering at the market price one being B. RILEY.. What looks…
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