AMC Stock Tanks After Company Files To Sell 11 Million Shares
AMC Stock Tanks After Company Files To Sell 11 Million Shares 06/03/21 AT 10:05 AM AMC Entertainment (AMC) saw its share price drop more than 15% at market open on Thursday after announcing that it planned to sell more than 11.5 million shares on the heels of its stock price spiking more than 20% a day earlier. AMC stock has been on a roll, reaching a record high of $62.55 on Wednesday and up nearly 140% for the week, CNBC reported. For the quarter, the AMC shares are up 512% alone and 2,850% for the year, the news outlet said. The overall valuation of the theater company has reached $31 bil...