About: http://data.cimple.eu/news-article/f81d48ae6c2860d9362477704d747603390ddfec1256ec3b3e6e6ee1     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

AttributesValues
rdf:type
schema:articleBody
  • Retail investor darling AMC said Thursday it had successfully completed a large equity sale, raising $587.4 million amid intense volatility in the movie theater stock. AMC Entertainment said it completed the stock sale of 11.55 million shares, with an average price of $50.85. Shares of AMC began the year valued at around $2 but have soared amid buying from the so-called "Reddit Revolution" of small investors coordinating on social media in support of beaten-down stocks. The successful fundraising run boosts AMC's balance sheet, Chief Executive Adam Aron said in a press release, "providing valuable flexibility to respond to potential challenges and capitalize on attractive opportunities in the future." An AMC securities filing earlier Thursday included an unusually blunt investor warning about a trading dynamic that many observers have labeled irrational. "We believe that the recent volatility and our current market prices reflect market and trading dynamics unrelated to our underlying business, or macro or industry fundamentals, and we do not know how long these dynamics will last," the company said in a securities filing. "Under the circumstances, we caution you against investing in our Class A common stock, unless you are prepared to incur the risk of losing all or a substantial portion of your investment." Shares were down 3.1 percent at $60.64 in early afternoon trading after getting as low as $37.66 earlier in the session. jmb/cs
schema:headline
  • AMC says it has completed share offering, raising $587.4 mn
schema:mentions
schema:author
schema:datePublished
http://data.cimple...sPoliticalLeaning
http://data.cimple...logy#hasSentiment
http://data.cimple...readability_score
http://data.cimple...tology#hasEmotion
Faceted Search & Find service v1.16.115 as of Oct 09 2023


Alternative Linked Data Documents: ODE     Content Formats:   [cxml] [csv]     RDF   [text] [turtle] [ld+json] [rdf+json] [rdf+xml]     ODATA   [atom+xml] [odata+json]     Microdata   [microdata+json] [html]    About   
This material is Open Knowledge   W3C Semantic Web Technology [RDF Data] Valid XHTML + RDFa
OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 3 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software