AMC Stock Drops After Reverse Split Takes Effect ...Middle East

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AMC Stock Drops After Reverse Split Takes Effect
Leading exhibitor AMC Entertainment completed a 1-for-10 reverse stock split this morning, a planned move preceding Friday’s conversion of its preferred “APE” shares into common stock. After the split, AMC shares were down 25% midway through the trading day, with volume at five times normal levels. The split means investors in the movie theater circuit […]

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