AMC Stock Sinks 11% Amid Deal to Sell Trough of APE Shares
The theater chain announced it would sell up to 425 million of its new Preferred Equity Units on Monday
Source: thewrap.com
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The theater chain announced it would sell up to 425 million of its new Preferred Equity Units on Monday
Shares of AMC stock are taking a hit after the company filed to sell up to 425 million units of APE over an unspecified time period.
AMC stock is in focus after Jim Chanos revealed a short position. At the same time, he is long shares of APE stock in an arbitrage trade.
There's more to the story than just the stock dividend that seemingly serves no purpose.