AMC stock more than doubles amid meme craze as company completes $250 million share sale

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 23 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

AMC Entertainment News

Gamestop

AMC completed a $250 million stock sale amid renewed interest in shares during Monday's trading session.

The struggling theater chain raised $250 million of "new equity capital" through the sale of 72.5 million shares on Monday,The completion of the equity offering, which was initially launched on March 28, came as the meme trade roared back into action on Monday. After the, also known as "Roaring Kitty," whose bull case on GameStop ignited the meme stock rally back in 2021, sent shares of GameStop appeared first on The Motley Fool Canada.

”Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindTesla Rehires Some Supercharger Workers Weeks After Musk’s CutsMacron Puts French Banks in Play With Plan to Transform EuropeGameStop Shares Soar as ‘Roaring Kitty’ Revitalizes Retail FrenzyChina to Start $138 Billion Bond Sale oConstellation Software stock and another growthy Canadian gem to keep watch as we enter a potentially heated summer season.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bain Capital invests $250 million in business services firm SikichExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »