why amc stock down|Is AMC Stock A Sell Now?,tung piercing

Shares of top movie theater operator AMC Entertainment fell 9% to close at $4.72 on above-normal trading volume after the company revealed a plan to sell up to 50 million shares。

This, in turn, would further dilute AMC shares’ value and likely drive the stock price down. In the absence of additional capital, the most apparent course of action would be to file for Chapter 11.

Investors seemingly swiftly reacted to such dilution, and AMC plunged 8.27% in the Friday pre-market, from the latest closing price of $5.20 to $4.78. AMC stock 1-day price chart with Friday pre-market. Source: TradingView. Despite the extended-session downtrend, AMC。

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