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        AMC plunged on $350M stock offer despite strong earnings: HODL or let go?
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        Meme-stock darling $AMC Entertainment (AMC.US)$ announced a $350 million stock offer on Nov. 9, to bolster liquidity; to repay, refinance, re Show More
        Meme-stock darling $AMC Entertainment (AMC.US)$ announced a $350 million stock offer on Nov. 9, to bolster liquidity; to repay, refinance, redeem or repurchase its existing debts; and for general corporate purposes. Despite its strong earnings released a day ago, thanks to the success of "Barbie" and "Oppenheimer", AMC stock price plunged as much as 20% during intraday hours, offsetting any bump that could been expected from solid financials and an end to the actors' strike.

        More shares on the market dilute the holdings of current stockholders. Many of them are individual retail investors who have repeatedly pushed back on the company issuing new stocks. One more thing: AMC’s stock price has fallen by more than 70% in 2023.
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