AMC stock closes at all-time low on investor concerns of share dilution

AMC stock closes at all-time low on investor concerns of share dilution

AMC (AMC) stock is in free fall so far this year.

The theater chain hit a new all-time low on Friday, down more than 2% to close the session at $5.17 per share. The stock is down more than 15% over the past four sessions.

The stock has been on a downward spiral as the company continues to issue shares, which dilutes investors’ holdings amid its looming debt.

Earlier this week AMC said it “entered into a series of privately negotiated exchange agreements, under which it has issued or will…


Source link

About search

Check Also

Kenny Smith hasn't heard from Charles Barkley about retiring from broadcasting: 'We'll see' – Yahoo Sports

European Stocks Drop With US Tech Rally Faltering: Markets Wrap – Yahoo Finance

[unable to retrieve full-text content]European Stocks Drop With US Tech Rally Faltering: Markets Wrap  Yahoo Finance …

Leave a Reply

Your email address will not be published. Required fields are marked *