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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 +3.39% 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 -0.16% has gained 6.1%.

/zigman2/quotes/200235402/composite
US : U.S.: NYSE
$ 58.93
+1.93 +3.39%
Volume: 252.08M
June 15, 2021 2:45p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$28.60 billion
Rev. per Employee
$43,642
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/zigman2/quotes/210599714/realtime
US : S&P US
4,248.47
-6.68 -0.16%
Volume: 1.12B
June 15, 2021 2:45p
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