Shares of top movie theater operator AMC Entertainment fell 9% to close at $4.72 on above-normal trading volume after the company revealed a plan to sell up to 50 million shares。
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.
Investing.com -- AMC Entertainment Holdings Inc (NYSE:AMC) shares slumped why amc stock down10% at $4.7 on Friday after movie theatre chain entered an agreement with Goldman Sachs Group。
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