AMC Entertainment Holdings Inc (AMC)

[senordarkness]

This was June 3rd...Pretty sure even most of the financial news agreed that it had an impact last time.



In the last week, AMC has sold 20 million shares in two separate deals, generating around $800 million in cash. The first transaction involved Mudrick Capital, which paid more than $230 million for 8.5 million shares. Then, AMC revealed Thursday that it had sold an additional 11.5 million shares for $587 million.

The latest stock sale made for a wild trading day for the stock Thursday. Shares closed down nearly 18% at $51.34. In premarket trading Friday, the stock was down 7.4%.