AMC Entertainment Stock Forecast: AMC tumbles nearly 16% after new dilution event
AMC Entertainment $AMC Entertainment(AMC.US$ stock is back on the dilution train. The heavily indebted cinema chain and once-loved meme stock is heading to the market to sell another $250 million worth of shares in order to pay down its strangling debt load obtained during the heights of the covid pandemic.
AMC stock slipped 15.8% lower to $3.65 per share at the time of writing on Thursday afternoon. The broader market has drifted slightly higher on the last day of the trading week with the S&P 500, Dow Jones and NASDAQ Composite all seeing light gains.
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toddcing : debt is all because they refuse to pay bills and waste money on crap they don't need like the ceo
SpyderCall toddcing: They don't take in enough cash to properly service the debt. That is why they are constantly offering share. It is the only way they can make any legitimate money to pay off their massive debt load. AMC is a zombie company.