Investors seemingly swiftly reacted to such dilution, and AMC plunged 8.27% in the Friday pre-market, from the latest closing price of $5.20 to $4.78. AMC stock 1-day price chart with Friday pre-market. Source: TradingView. Despite the extended-session downtrend, AMC。
In one year’s time, the stock of AMC Entertainment (NYSE:AMC), which currently operates 950 movie theatres and is the market leader in the U.S., plunged from nearly $90 a。
This, in turn, would further dilute AMC shares’ value and likely drive the stock price down. In the absence of additional capital, the most apparent course of action would be to file for Chapter 11.
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