+ 7.05
+ 2.21%
+ 4.00
+ 1.18%
+ 6.32
+ 1.54%
+ 1.27
+ 0.94%
+ 1.54
+ 0.9%

What Is Going On With AMC Stock Today?

April 15, 2021 10:01 am
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
What Is Going On With AMC Stock Today?

Shares of AMC Entertainment Holdings Inc (NYSE:AMC) are trading higher by 7% Thursday morning following a series of comments CEO Adam Aron made Wednesday on YouTube channel Trey Trades regarding the issuance of 500 million new shares of the world’s largest theater chain.

“We are going to pledge right now today publicly and we will file this publicly so it will be binding on us, because you can’t announce intentions and then not carry through it, we hereby pledge at AMC that if the shareholders approve this authorization for 500 million new shares to be issued we will not use one of those 500 million shares in the calendar year 2021. Not one. Not one,” Aron said during the interview.

See Also: 3 Reddit Stocks That Could Face Trouble Ahead: A Technical Analysis

“If we need to raise some cash in the short term, remember we already have 43 million shares that are out there that were authorized in the year 2013 that we could use if we wish to raise some cash, if we decide that’s a good idea. We have made no decisions yet. We are thinking about it, but we haven’t made any decisions yet,” Aron said.

Related Articles

The QQQ Rallied Today. Here's Why.

U.S. indices traded higher Thursday as stocks rebound following a heavy sell-off earlier in the week. Stocks fell on Wednesday amid concerns of inflation and a rise in yields. read more

3 Reddit Stocks That Could Make Big Moves Lower This Week

Popular Reddit stocks SOS Limited (NYSE: SOS), AMC Entertainment Holdings, Inc. (NYSE: AMC), and NIO Inc. (NYSE: NIO) are trading at import read more

AMC Entertainment Must Hold This Key Resistance Level

AMC Entertainment Holdings Inc (NYSE: AMC) was thrown into the GameStop Corporation (NYSE: GME) controversy at the end of January and has since entered into a long consolidation pattern. read more

Why Cramer Isn't A Fan Of Buffett's Advice To Retail Investors On Not Owning Individual Stocks

CNBC host Jim Cramer has rejected Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) chairman Warren Buffett’s advice to new retail investors to invest in index funds rather than individual stocks. read more