{"id":134234,"date":"2024-12-07T05:49:48","date_gmt":"2024-12-06T22:49:48","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=134234"},"modified":"2024-12-07T05:49:48","modified_gmt":"2024-12-06T22:49:48","slug":"amc-entertainment-stock-falls-after-exhibitor-reveals-plan-to-sell-up-to-50000-shares-investors-fume-on-social-media","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=134234","title":{"rendered":"AMC Entertainment Stock Falls After Exhibitor Reveals Plan To Sell Up To 50,000 Shares; Investors Fume On Social Media"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto     \">\n\t<strong>UPDATED with closing price.<\/strong> Shares of top movie theater operator <a href=\"https:\/\/deadline.com\/tag\/amc\/\" id=\"auto-tag_amc\" data-tag=\"amc\">AMC<\/a> Entertainment fell 9% to close at $4.72 on above-normal trading volume after the company revealed a plan to sell up to 50 million shares of stock.<\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto     \">\n\tIn an SEC filing, the company said it would use proceeds from the share sale \u201cto strengthen the company\u2019s balance sheet and reinvest in the company\u2019s core business.\u201d It also cited funding requirements for the \u201cGO Plan\u201d (short for \u201cgo on offense\u201d), which was <a href=\"https:\/\/deadline.com\/2024\/11\/amc-entertainment-movie-theater-upgrades-box-office-recovery-1236169417\/\">announced last month<\/a> by CEO <a href=\"https:\/\/deadline.com\/tag\/adam-aron\/\" id=\"auto-tag_adam-aron\" data-tag=\"adam-aron\">Adam Aron<\/a>. <\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto     \">\n\tThe share sale would help pay for \u201cseating, sight and sound enhancements, including an increase in the number of branded premium large format screens,\u201d the filing said. Bolstering liquidity and \u201crepaying, redeeming or refinancing the company\u2019s existing debt\u201d are additional priorities.<\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto     \">\n\tAMC currently has about 375 million shares outstanding.<\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto     \">\n\tThe terms \u201c$AMC\u201d and \u201cAdam Aron\u201d started trending on social media soon after the filing emerged. Aron, who has led the company through an epic series of ups and downs with a debt crisis, the catastrophe of Covid and the meme-stock and short-squeeze mania of 2020 and 2021, has largely been viewed as a savior. The company, which counted China\u2019s Wanda Group and hedge fund Silver Lake as major shareholders in past years, has been controlled by individual investors since 2021.<\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto     \">\n\tAdmiration of Aron turned to anger Friday as investors fearing their positions would be diluted by the share sale aired other theories about the motivation for the transaction. One typical post came from Matt Kohrs, a popular YouTuber with 143 million followers on X, formerly Twitter. Deploying the online sarcasm of mixed upper- and lower-case letters to emphasize his point, he wrote, \u201cAdAm ArOn Is On OuR sIdE. #AMC is doomed to fail.\u201d Others lamented the \u201cmomentum-killing\u201d effect after a record-setting Thanksgiving period for AMC and other theater chains.<\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto     \">\n\tA new post Thursday by investor Keith Gill, aka Roaring Kitty, only added to the online upheaval. Gill, who gained fame by helping to start the meme-stock frenzy involving AMC and GameStop, posted to his 1.6 million followers on X, formerly Twitter, a version of Time magazine\u2019s 2006 Person of the Year cover. The cover famously named \u201cYou\u201d (the public) person of the year because of its newfound agency on then-nascent digital platforms like YouTube. Gill\u2019s post boosted GameStop, AMC and others on Thursday.<\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto     \">\n\tShares in AMC have fallen 21% in 2024 to date.<\/p>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/deadline.com\/2024\/12\/amc-stock-falls-share-sale-adam-aron-social-media-1236196168\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>UPDATED with closing price. Shares of top movie theater operator AMC Entertainment fell 9% to close at $4.72 on above-normal trading volume after the company revealed a plan to sell &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=134234\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-134234","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/134234","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=134234"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/134234\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=134234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=134234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=134234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}