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AMC says may sell nearly 12 million shares

Published 06/03/2021, 07:22 AM
Updated 06/03/2021, 07:51 AM
© Reuters. An AMC theatre is pictured in Times Square in the Manhattan borough of New York City, New York, U.S., June 2, 2021.  REUTERS/Carlo Allegri

(Reuters) - Theater chain operator AMC Entertainment (NYSE:AMC) Holdings Inc said on Thursday it may sell up to 12 million of its shares, following a steep rally in its stock.

Shares of AMC, one of the so-called "meme stocks," were up 11.4% in premarket trading.

Latest comments

I wonder at what price AMC sold those shares to the Hedge fund?
Good move to raise cash when market has plenty of liquidity. Keep raising and sell more stocks.
Hahaha
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