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NewBroker
2021-07-09

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Why AMC Stock Continued to Drop Today

Retail traders seem to be less and less enamored with AMC.

Why AMC Stock Continued to Drop Today

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AMC stock is down 30% in the past two weeks, and dropped as much as 14% Thursday morning. AMC shares have recovered some, but remained down 6.2% as of 10:05 a.m. EDT.</p>\n<h2>So what</h2>\n<p>Some of the negative sentiment came earlier this week when AMC CEO Adam Aron said he was tabling a shareholder vote on a proposal he supported to add another $25 million shares to the company's share count. Aron wanted to sell more stock to raise additional capital even after the company has raised almost $3 billion in new equity and debt over approximately the last year.<img src=\"https://static.tigerbbs.com/8b2920e6f52019423eb48e9d9b895e32\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\">Image source: Getty Images.</p>\n<p>Shareholders wanting a turnaround in the business may also be reacting to news that more movies will be released onto streaming television with shorter durations playing solely in theaters. 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AMC stock...</p>\n\n<a href=\"https://www.fool.com/investing/2021/07/08/why-amc-stock-continued-to-drop-today/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2021/07/08/why-amc-stock-continued-to-drop-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2149328127","content_text":"What happened\nMovie theater operator AMC Entertainment Holdings (NYSE:AMC) seems to be losing its luster with the retail trader crowd that now makes up 80% of the company's shareholder base. AMC stock is down 30% in the past two weeks, and dropped as much as 14% Thursday morning. AMC shares have recovered some, but remained down 6.2% as of 10:05 a.m. EDT.\nSo what\nSome of the negative sentiment came earlier this week when AMC CEO Adam Aron said he was tabling a shareholder vote on a proposal he supported to add another $25 million shares to the company's share count. Aron wanted to sell more stock to raise additional capital even after the company has raised almost $3 billion in new equity and debt over approximately the last year.Image source: Getty Images.\nShareholders wanting a turnaround in the business may also be reacting to news that more movies will be released onto streaming television with shorter durations playing solely in theaters. 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