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Shares of top movie theater operator AMC Entertainment fell 9% to close at $4.72 on above-normal trading volume after the company revealed a plan to sell up to 50 million shares。

Investors seemingly swiftly reacted to such dilution, and AMC plunged 8.27% in the Friday pre-market, from the latest closing price of $5.20 to $4.78. AMC stock 1-day price chart with Friday pre-market. Source: TradingView. Despite the extended-session downtrend, AMC。

AMC enters a sales agreement with Goldman Sachs. Under the agreement, AMC may sell up to 50 million of its Class A shares over time. AMC Entertainment Holdings, Inc.。

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why amc stock down|AMC Stock Falls After Exhibitor Reveals Plan To Sell Up To

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