Share your opinion about this

2
Comment
Favorite

Pankaj86
2023-08-25

Share your opinion about this news…

AMC's Reverse Stock Split Takes Effect; Shares Tumbled 20%

AMC completed a reverse stock split Thursday, ahead of a planned conversion of preferred equity units into common shares.The reverse split gave shareholders in the movie-theater chain one share for every 10 they previously held, and has the effect of increasing AMC's share price.The conversion of AMC's preferred "Ape" units and reduction of shares outstanding will allow AMC to sell a substantial amount of new shares as it attempts to shore up its balance sheet. Chief Executive Adam Aron said last month that giving AMC the ability to sell stock when needed would "take bankruptcy risk off the table.". AMC shares traded down around 11% premarket after adjusting for the reverse split.This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL .

AMC's Reverse Stock Split Takes Effect; Shares Tumbled 20%

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

Comment

Top
Latest

No comments yet

Most Discussed

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":212495560495128,"tweetId":"212495560495128","gmtCreate":1692918625388,"gmtModify":1692918630019,"author":{"id":3585716429670334,"idStr":"3585716429670334","authorId":3585716429670334,"authorIdStr":"3585716429670334","name":"Pankaj86","avatar":"https://community-static.tradeup.com/news/38ef53a76ed2aea3aa076f3198c08d82","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":0,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"html":"<html><head></head><body><p>Share your opinion about this news…</p></body></html>","htmlText":"<html><head></head><body><p>Share your opinion about this news…</p></body></html>","text":"Share your opinion about this news…","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/212495560495128","repostId":2361968606,"repostType":2,"repost":{"id":"2361968606","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1692884470,"share":"https://www.laohu8.com/m/news/2361968606?lang=&edition=full","pubTime":"2023-08-24 21:41","market":"us","language":"en","title":"AMC's Reverse Stock Split Takes Effect; Shares Tumbled 20%","url":"https://stock-news.laohu8.com/highlight/detail?id=2361968606","media":"Dow Jones","summary":"AMC completed a reverse stock split Thursday, ahead of a planned conversion of preferred equity units into common shares.The reverse split gave shareholders in the movie-theater chain one share for every 10 they previously held, and has the effect of increasing AMC's share price.The conversion of AMC's preferred \"Ape\" units and reduction of shares outstanding will allow AMC to sell a substantial amount of new shares as it attempts to shore up its balance sheet. Chief Executive Adam Aron said last month  that giving AMC the ability to sell stock when needed would \"take bankruptcy risk off the table.\". AMC shares traded down around 11% premarket after adjusting for the reverse split.This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL .","content":"<html><head></head><body><p>AMC completed a reverse stock split Thursday, ahead of a planned conversion of preferred equity units into common shares.</p><p>The reverse split gave shareholders in the movie-theater chain one share for every 10 they previously held, and has the effect of increasing AMC&#39;s share price.</p><p>The conversion of AMC&#39;s preferred &#34;Ape&#34; units and reduction of shares outstanding will allow AMC to sell a substantial amount of new shares as it attempts to shore up its balance sheet. Chief Executive Adam Aron said last month that giving AMC the ability to sell stock when needed would &#34;take bankruptcy risk off the table.&#34;</p><p>AMC shares traded down around 20% in moring trading after adjusting for the reverse split.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/64c6753febcb6156346e28135c7bfa4d\" tg-width=\"821\" tg-height=\"816\"/></p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMC's Reverse Stock Split Takes Effect; Shares Tumbled 20%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMC's Reverse Stock Split Takes Effect; Shares Tumbled 20%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-08-24 21:41</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>AMC completed a reverse stock split Thursday, ahead of a planned conversion of preferred equity units into common shares.</p><p>The reverse split gave shareholders in the movie-theater chain one share for every 10 they previously held, and has the effect of increasing AMC&#39;s share price.</p><p>The conversion of AMC&#39;s preferred &#34;Ape&#34; units and reduction of shares outstanding will allow AMC to sell a substantial amount of new shares as it attempts to shore up its balance sheet. Chief Executive Adam Aron said last month that giving AMC the ability to sell stock when needed would &#34;take bankruptcy risk off the table.&#34;</p><p>AMC shares traded down around 20% in moring trading after adjusting for the reverse split.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/64c6753febcb6156346e28135c7bfa4d\" tg-width=\"821\" tg-height=\"816\"/></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4547":"WSB热门概念","APE":"AMC Entertainment Preferred","AMC":"AMC院线","BK4108":"电影和娱乐"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2361968606","content_text":"AMC completed a reverse stock split Thursday, ahead of a planned conversion of preferred equity units into common shares.The reverse split gave shareholders in the movie-theater chain one share for every 10 they previously held, and has the effect of increasing AMC's share price.The conversion of AMC's preferred \"Ape\" units and reduction of shares outstanding will allow AMC to sell a substantial amount of new shares as it attempts to shore up its balance sheet. Chief Executive Adam Aron said last month that giving AMC the ability to sell stock when needed would \"take bankruptcy risk off the table.\"AMC shares traded down around 20% in moring trading after adjusting for the reverse split.","news_type":1},"isVote":1,"tweetType":1,"viewCount":217,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":30,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}