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Oct. 20, 2020, 7:00 a.m. EDT

AMC Entertainment's stock falls after stock offering disclosed

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By Tomi Kilgore

Shares of AMC Entertainment Holdings Inc. /zigman2/quotes/200235402/composite AMC +17.79% slumped 1.1% in premarket trading Tuesday, after the movie theater operator disclosed a stock offering of up to 15 million shares. The company said the stock will be sold "from time time, through an 'at-the-market' offering program." The number of shares in the program would represent roughly 14% of the shares outstanding. The disclosure comes a day after the biggest U.S. cinema chain said it will resume operations at several New York state cinemas starting Oct. 23. The stock has tumbled 51.1% year to date through Monday, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.30% has gained 6.1%.

/zigman2/quotes/200235402/composite
US : U.S.: NYSE
$ 3.51
+0.53 +17.79%
Volume: 268.27M
Jan. 22, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$643.88 million
Rev. per Employee
$140,744
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/zigman2/quotes/210599714/realtime
US : S&P US
3,841.47
-11.60 -0.30%
Volume: 2.29B
Jan. 22, 2021 4:59p
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