AMC stock (AMC) slid almost 8% on Monday, hitting the lowest level since the meme stock frenzy began in January 2021. Shares closed at $4.89 each.
The theater operator announced that it has so far raised $162 million through the sale of its APE (APE) units, a preferred equity program launched earlier this year, and has slashed its debt obligations by approximately $180 million this year through a combination of refinancing and repurchasing part of its debt at a discount.
AMC stock is down…
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