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[ 11:04 AM ] - United States, Deadline.com
AMC Stock Falls After Exhibitor Reveals Plan To S .. To 50,000 Shares; Investors Fume On Social Media

AMC Stock Falls After Exhibitor Reveals Plan To Sell Up To 50,000 Shares; Investors Fume On Social Media


Published on 2024-12-06 11:04:10 - Deadline.com
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  • Shares of top movie theater operator AMC Entertainment fell 7% in early trading this morning after the company revealed a plan to sell up to 50,000 shares of stock.

The article from Deadline discusses the recent turmoil surrounding AMC Entertainment Holdings, Inc. AMC's stock experienced a significant drop after the company announced a plan to sell up to 40 million new shares to raise capital. This decision was met with backlash from retail investors, particularly on social media platforms where CEO Adam Aron has been an active presence. The stock sale was part of an "at-the-market" program, which allows AMC to sell shares at current market prices. Amidst this, Aron faced criticism and even threats, leading him to temporarily disable comments on his social media accounts. The article also touches on the broader context of AMC's financial struggles, exacerbated by the ongoing effects of the global health crisis on the movie theater industry, and the company's efforts to navigate through bankruptcy avoidance and debt management.

Read the Full Deadline.com Article at:
[ https://deadline.com/2024/12/amc-stock-falls-share-sale-adam-aron-social-media-1236196168/ ]

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