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AMC ( AMC) sank 7% to close at $4.91 per share on Thursday after the country's biggest cinema operator proposed a reverse stock split and a conversion of its APE ( APE) preferred equity units into ...
The S&P 500 is a stock market index maintained by S&P Dow Jones Indices. It comprises 503 common stocks which are issued by 500 large-cap companies traded on American stock exchanges (including the 30 companies that compose the Dow Jones Industrial Average). The index includes about 80 percent of the American equity market by capitalization.
Shares underwent a 10 for 1 reverse split in August prior to the conversion. AMC, also known as an original flagship meme stock, has played into vocal support from retail investors since 2021.
AMC also executed a 10-for-1 reverse stock split at the time. AMC CEO Adam Aron previously said the stock conversion was crucial to AMC having proper cash balances in 2024 and 2025.
As of January 28, 2021, the all-time highest intraday stock price for GameStop was $483.00 (nearly 190 times the low of $2.57 reached 9 months earlier in April 2020). [34] In pre-market trading hours the same day, it briefly hit over $500, up from $17.25 at the start of the month.
AMC Networks Inc. is an American entertainment company headquartered in 11 Penn Plaza, New York. [4]The company owns and operates the eponymous cable channel and its siblings, IFC, We TV, and Sundance TV; the art house movie theater IFC Center in New York City; the independent film companies IFC Films and RLJE Films; the anime licensor Sentai Filmworks; the premium subscription streaming ...
Additionally, a 1-to-10 reverse stock split is scheduled for August 24, according to an SEC filing, meaning every 10 shares held by an investor will now become one share but at a higher value.
AMC stock gained 19% to $22.18 at the close on Friday after initially falling following the announcement of the new units on Thursday. The preferred shares started trading under the "APE" ticker on the New York Stock Exchange starting Aug. 22. [83] AMC CEO Adam Aron stated "We are making great strides on our path towards pandemic recovery".