The post AMC Stock Drops 11% Amid New Share Offering appeared first on Coinpedia Fintech News
AMC Entertainment announced plans to sell up to 50 million Class A common stock shares through Goldman Sachs, causing an 11% drop in its stock price to $5.20. The offering, detailed in an SEC filing, includes forward transactions allowing Goldman Sachs to hedge positions and sell shares on AMC’s behalf. The move aims to enhance liquidity but raises concerns about dilution among investors. AMC’s stock has seen significant volatility, fluctuating between $2.38 and $11.88 this year, with strong retail interest influencing its unpredictable trading patterns. Caution is advised for potential investors.