Thursday, June 3, 2021

AMC SHARE COUNT AFTER AMC SELLING 11 MILLION SHARES? How Many Shares Of AMC Are There Left In 2021?


Why AMC SELLING Shares & WARNED You NOT To Invest? Did You? How Many Shares Of AMC Are There? AMC Share Count 2021 AMC Shares Sink on Stock Sale Plan, Warning to Buyers Movie-theater operator in a filing warns against investing in its Class A stock Shares of AMC finished Thursday’s wild trading session down 18% at $51.34 after almost doubling in value the previous day. The stock appeared set to continue its run in premarket trading, notching double-digit percentage gains. The momentum reversed, though, once the company filed with regulators to sell more than 11 million shares and warned against investing in its stock. AMC shares dropped as much as 40%, later recovered all of those losses and then slid again. The company’s shares have rocketed in recent days—extending their advance this year to 2,300% by Wednesday’s close—after the company sold a chunk of new shares to hedge fund Mudrick Capital Management LP. The company had leaned into its sudden popularity with individual investors by offering popcorn to shareholders who visit an AMC cinema this summer. amc share count 2021,amc sells 11 million shares,amc share count june 2nd 2021,amc share count june 3rd 2021,amc share recount,amc sell off,amc stock,amc sell,amc selling shares,amc stock selling after it peaks, amc shares dropped, amc shares drop, Even AMC acknowledged the risk that the dramatic swings in its share price pose for investors. In Thursday’s filing with the Securities and Exchange Commission detailing the plan to sell shares, AMC said, “Our current market prices reflect market and trading dynamics unrelated to our underlying business.” https://www.wsj.com/articles/meme-stocks-gyrate-after-amc-files-to-sell-more-shares-11622721750 AMC as it sells stock into frenzy stock, AMC Entertainment, got even crazier on Thursday. The movie-theater company's stock plunged nearly 40% in the morning after it announced plans to sell 11.6 million shares to raise cash, while warning buyers they could lose all their investment. But it erased the loss in just a few hours. After the stock sale was complete, it climbed above the record closing price it had set a day earlier, only to sink back to a 17.9% loss by the end of trading. It's the latest stupefying, nearly unexplainable set of moves for one of the "meme stocks" that have rocked Wall Street this year, Many professional investors say AMC, GameStop and other meme stocks have hit heights untethered to reality and are primed for a steep fall, but that's not stopping an army of smaller-pocketed and novice investors from holding their ground and promising to take their prices "to the moon." For AMC, that has meant vaulting its stock price from below $2 early this year to the $50.85 average price that it sold shares for on Thursday. The surge means its total market value climbed above $30 billion, putting it on par with bigger companies like AutoZone and Old Dominion Freight Line, which unlike AMC are making profits and didn't have speculation of bankruptcy swirling around them after the pandemic shuttered theaters last year. https://cbs4local.com/news/coronavirus/the-summer-blockbuster-is-amc-stock-beware-of-plot-twists amc share count 2021,amc sells 11 million shares,amc share count june 2nd 2021,amc share count june 3rd 2021,amc share recount,amc sell off,amc stock,amc sell,amc selling shares,amc stock selling after it peaks, amc shares dropped, amc shares drop, #AmcSells11MillionShares #HowManySharesOfAmcAreThere #AmcShareCount2021 via IFTTT

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