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AMC stock slid 35% on Monday: What will happen next?
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💡Summary: Distressed movie-theater chain overcame opposition from meme investors concerned about dilution, winning court approval for tran Show More
💡Summary:
Distressed movie-theater chain overcame opposition from meme investors concerned about dilution, winning court approval for transactions to sell more shares.
AMC can sell nearly 400 million new shares following court approval.

AMC Entertainment's shares slid 35% on Monday on fears that the approval of a revised stockholder settlement will allow the company to issue more shares to raise capital, a move that will dilute the worth of each common share. AMC CEO Adam Aron previously said the stock conversion was crucial to AMC having proper cash balances in 2024 and 2025. Ultimately, the company's shares decreased by 35.55% to $3.39. (As of Aug 14, 2023, ET)

🎙️Q:
1. Is AMC stock a buy or sell now?
2. What is the forecast for AMC?

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