AMC shares tumble on revised stock-conversion plan, while U.S. Steel stock surges on takeover bid, and more moving stocks.

Shares of AMC Entertainment Holdings Inc.’s Preferred Equity units APE jumped 33% ahead of Monday’s open after a Delaware court on Friday approved a revised, but still controversial, stock-conversion plan for the movie-theater chain.Stock gainers:

Shares of AMC Entertainment Holdings Inc.’s Preferred Equity units APE jumped 33% ahead of Monday’s open after a Delaware court on Friday approved a revised, but still controversial, stock-conversion plan for the movie-theater chain.U.S. Steel shares X surged 22% after Cleveland-Cliffs Inc. CLF announced Sunday it had made a $7.3 billion takeover bid that was rejected by the steelmaker’s board. Earlier Sunday, U.S.

AMC Entertainment Holding Inc. shares AMC fell more than 25% after that court approval of the movie-theater chain’s stock-conversion plan. Shares of Tesla Inc. TSLA slipped 1.7% in premarket after the electric-vehicle maker cut the cost of two versions of its Model Y SUVs on Sunday.

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