AMC launches new share sale as it warns investors they may lose money
Some Wall Street analysts say the cinema operator is already heavily overvalued
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Some Wall Street analysts say the cinema operator is already heavily overvalued
-AMC Entertainment took advantage of a record stock price on Thursday with its second share issue in three days, while admitting it did not know how long its stellar show would last and warning...
5 Min Read (Reuters) - AMC Entertainment shares were down by a third on Thursday after the company took advantage of a record stock price with its second share issue in three days while saying it did not know how long its stellar run would last and warning investors of the risks involved. FILE PHOTO: A taxi passes an AMC theatre amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., January 27, 2021. REUTERS/Carlo Allegri AMC’s shares traded 33.4% lower on Thursday at $41.10 after the company said it agreed to sell up to 11.55 million of ...
Issuing a new share sale, the firm warned investors could lose their money if they bought at current prices.
Figs, the first IPO made available to Robinhood users, soars 36% in its public debut insider@insider.com (Carla Mozée) © Figs Models wear clothes from healthcare apparel maker Figs. Figs Figs stock surged 36% in its trading debut Thursday, which also marked the first IPO accessible on the Robinhood trading platform. Robinhood introduced its IPO Access service last week, which it says gives retail investors a chance to participate in IPOs. Figs shares priced at $22 each, higher than the anticipated range of $16-$19. Popular Searches Shares of Figs jumped 36% to close at ...