Unlike GameStop, AMC keeps selling into meme stock mania ...Middle East

Quartz - Economy
Unlike GameStop, AMC keeps selling into meme stock mania
source : Quartz ( Middle East ) () 10
AMC Entertainment, the movie theater chain-turned-surging meme stock, has been cashing in on its unlikely rise. Since its stock started climbing at the end of January, the company has issued more than 100 million shares, unlike fellow internet darling GameStop, which has largely held off on selling new stock.Issuing new stock generally dilutes the value of a share, and is typically done when a company thinks its shares are overpriced. But so far, AMC’s stock price hasn’t really been hurt.https://datawrapper.dwcdn.net/mhPoO/2/Read the rest of this story on qz.com. Become a member to get unlimited access to Quartz’s journalism.

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