Apes strong

Meme stock AMC extends rally, jumps more than 20% as theater chain sells new shares to an investor

Shares of AMC Entertainment surged again Tuesday after the theater chain sold more than 8 million shares to an investment firm, the latest in a series of capital raises for the struggling company turned meme stock.AMC said in a securities filing that it raised $230.5 million through a stock sale to Mudrick Capital Management. The theater company said it would use the funds for potential acquisitions, upgrading its theaters and deleveraging its balance sheet.Shares were up 22.6% when the market c
Meme stock AMC extends rally, jumps more than 20% as theater chain sells new shares to an investor

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment2

  • Top
  • Latest
  • Buffett_Son
    ·2021-06-02
    response
    Reply
    Report
  • Kanyon
    ·2021-06-02
    Goodgood
    Reply
    Report