|Day's range||0.3500 - 0.3500|
Recently, Zacks.com users have been paying close attention to AMC Entertainment (AMC). This makes it worthwhile to examine what the stock has in store.
LEAWOOD, Kan., March 14, 2023--AMC Entertainment Holdings, Inc. (NYSE: AMC and APE) ("AMC" or "the Company"), the largest theatrical exhibition company in the world, announced today that its shareholders approved both the Share Increase Proposal and the Reverse Split Proposal at its Special Meeting of Stockholders held today, March 14, 2023.
Shareholders also approved a one-for-ten reverse share split. The approval of the measures at Tuesday's shareholder meeting comes as AMC faces an April 27 hearing in a lawsuit claiming it circumvented shareholders who were against adding more shares. AMC listed the preferred shares trade under the symbol "APE" in a nod to Reddit's wallstreetbets stock trading forum, where participants often describe themselves as apes.