AMC’s stock fell 10% Thursday, while AMC’s Preferred Equity units rose 8.8%.
Shares of AMC Entertainment Holdings Inc. fell 10% Thursday, with the stock on track for its biggest percentage decline since April 23, 2023, when it fell 23.5%.
AMC’s Preferred Equity units APE, however,... Shares of AMC Entertainment Holdings Inc. fell 10% Thursday, with the stock on track for its biggest percentage decline since April 23, 2023, when it fell 23.5%. AMC’s Preferred Equity units APE , however, rose 9.1% Thursday. In March AMC shareholders voted in support of the company’s proposal to convert AMC Preferred Equity units into shares of common stock in what the company’s CEO Adam Aron described as a “landslide victory.” The move was part of the company’s ongoing battle to eliminate debt.
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