Meme stock AMC down after deal with Goldman to sell up to 50 mln shares
Source Investing
Investing.com -- AMC Entertainment Holdings Inc (NYSE:AMC) shares slumped 10% at $4.7 on Friday after movie theatre chain entered an agreement with Goldman Sachs Group (NYSE:GS) to sell 50 million shares of Class A common stock.
The agreement will allow AMC to issue and sell shares through Goldman Sachs, which will act as a sales agent or principal buyer.
AMC said it plans to use proceeds from the stock sale to strengthen its balance sheet with increased liquidity, and lowering its debt.
The company also intends to invest in its "AMC GO Plan," which focuses on improving the movie-going experience with upgrades to seating, sound systems, and premium large format screens
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
After a turbulent 2025, what lies ahead for commodities, forex, and cryptocurrency markets in 2026?
Discover the best Japanese stocks to buy, including AI semiconductor leaders, Buffett-backed trading houses, and undervalued Japan stocks benefiting from corporate reforms and yen trends.
Gold (XAU/USD) attracts buyers for the second consecutive day and surges past the $4,100 mark to hit a nearly two-week high during the Asian session on Wednesday.
Bitcoin Price Forecast: Persistent ETF inflows, easing Middle East tensions lift risk appetiteBitcoin (BTC) extends its gains, trading above $64,800 at the time of writing on Thursday, breaking above the key resistance zone. Institutional demand supports BTC price action with spot Exchange Traded Funds (ETFs) recording a third consecutive day of inflows so far this week.
Bitcoin (BTC) extends its gains, trading above $64,800 at the time of writing on Thursday, breaking above the key resistance zone. Institutional demand supports BTC price action with spot Exchange Traded Funds (ETFs) recording a third consecutive day of inflows so far this week.
As of the European session on August 7, gold prices ( XAUUSD) extended their recent strong performance, rising over 1% intraday to briefly cross the $4,300 mark. With a cumulative gain of
