Previous close | 10.80 |
Open | 10.80 |
Bid | 11.25 |
Ask | 11.35 |
Strike | 15.00 |
Expiry date | 2025-06-20 |
Day's range | 10.80 - 10.80 |
Contract range | N/A |
Volume | |
Open interest | 124 |
AMC Entertainment (AMC) shares are trading lower Thursday afternoon after the company filed to sell up to $250 million worth of its stock. The movie theater chain is looking to strengthen its balance sheet, using the proceeds from the stock sales to pay down debt. AMC also indicated that last year's Hollywood strikes impacted the box office in the first quarter. Akiko Fujita and Josh Lipton break down the latest developments for the movie theater chain. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. Editor's note: This article was written by Gabriel Roy.
The stock continues to live below a very important technical level on its weekly chart: the 10-week moving average.
The movie-theater chain says it will sell up to $250 million of stock through an at-the-market offering.