Shares of AMC preferred equity units, or ‘APEs,’ rose 5% Monday, while the company’s common stock fell 7.5%, after the company unveiled plans to sell another up to 425 million APEs.
“The company intends to use the net proceeds, if any, from the sale of AMC Preferred Equity Units APE, +3.91% primarily to repay, refinance, redeem or repurchase the company’s existing indebtedness and otherwise for general corporate purposes,” said the filing. Like the common stock, the APEs have been volatile since their trading debut, a fact even AMC acknowledged in the filing. In fact, it has fluctuated between an intraday low of $3.35 on Sept. 23 and an intraday high of $10.50 on August 22. It was quoted at $3.75 in midday trading Monday.
The stock has had a wild ride over the past few years, shifting from a pandemic victim when its theaters were closed across the world to a meme stock darling. While AMC remains a cause célèbre for a vocal community of individual investors, the company’s financial health is a cause for concern, according to data from RapidRatings, a company that assesses the finances of public and private companies.
Just bought 1000 more yesterday. Always doing the opposite of that you guys say has made me a lot of gains. Thanks! Tell Kenny I said hi.
Everytime they do this amc price rockets afterwards. Just a matter of when.
Bah ha. Wrong. 🙂
Jokes on you Bro marketwatch I bought today and after this article I’ll buy again tomorrow
Oh no... We should sell! FckHeadgies 🤣🤣🤣🤣🤣🤣
You ain’t shaking us. We are in mother fucker mode now.
This Article only made me Buy more!! Another company paid by Citadel Nice Try!! FU
bought more, amc and ape. Thanks!!
I bought more oh no....
SEEING POOR PAID FOR ARTICLES LIKE THIS JUST MAKE ME BULLISH AF 🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍 $APE APE $AMC AMC
Another Short & Distort article.. pathetic. Go report on the UK currency crash. 🤡😂
Thanks for the buying Advise wasn't going to buy more today but thanks
Short and distort, not falling for it scumbags 🖕🏼🐵🖕🏼 AMC APE $APE $AMC AMCSTRONG
MarketWatch gets the award again! 🤡
Bought more this morning and will keep buying. Thanks MarketWatch for giving me an opportunity on your platform to share that!
We are not leaving fockers😛😛
Marketwatch out here putting in work for their hedge overlords $APE $AMC
Well written.... CITADEL.... LOL
😂😂😂💀