AMC Shares Tumble: Investors React to New Stock Sale Plan
This morning, AMC Entertainment's stock took a 7% nosedive in early trading. The cause? The movie theater giant announced plans to sell up to 50, 000 shares. The company aims to beef up its financial standing and invest in enhancements, such as better seating and screens. CEO Adam Aron's "GO Plan" is the motivation behind this move, with funds also earmarked for debt...