|Bid||26.74 x 800|
|Ask||26.78 x 900|
|Day's range||23.44 - 27.50|
|52-week range||9.70 - 52.79|
|Beta (5Y monthly)||1.67|
|PE ratio (TTM)||N/A|
|Earnings date||07 Nov 2022 - 11 Nov 2022|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||06 Mar 2020|
|1y target est||9.09|
Why investors should be looking for thematic trades in this environment, and everything else to watch in markets on Monday, August 8, 2022.
Shares of AMC Entertainment (NYSE: AMC) are tumbling 7.2% at 10:41 a.m. ET on Friday after the company reported second-quarter earnings yesterday following the market close, but all anyone wanted to talk about was the special preferred stock dividend it will issue on a 1-for-1 basis. It will trade under the ticker symbol APE, which technically refers to "AMC Preferred Equity," but is clearly also a nod to the investors who have carried the stock over the past year or so and who refer to themselves collectively as "apes." There are several reasons AMC is issuing the preferred stock.
By Yasin Ebrahim