Previous close | 2.0000 |
Open | 1.8000 |
Bid | 1.4300 |
Ask | 1.7500 |
Strike | 3.00 |
Expiry date | 2025-06-20 |
Day's range | 1.6500 - 1.8000 |
Contract range | N/A |
Volume | |
Open interest | 208 |
AMC Entertainment (AMC) shares are trading lower Thursday afternoon after the company filed to sell up to $250 million worth of its stock. The movie theater chain is looking to strengthen its balance sheet, using the proceeds from the stock sales to pay down debt. AMC also indicated that last year's Hollywood strikes impacted the box office in the first quarter. Akiko Fujita and Josh Lipton break down the latest developments for the movie theater chain. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. Editor's note: This article was written by Gabriel Roy.
The movie-theater chain says it will sell up to $250 million of stock through an at-the-market offering.
Reddit and Trump Media are the first notable social media companies to begin trading publicly in the last five years. Meme stocks are typically shares in companies whose underlying business fails to justify a surge in their price. The action is often driven by small investors who for some reason pile into a stock, be it belief that a struggling company can turn itself around, a disdain for so-called short sellers — or fidelity to a former president.