Global News published this video item, entitled “AMC warns investors against buying stock, says they could lose all their money” – below is their description.
AMC Entertainment shares reversed losses on Thursday after the retail investor favourite said it completed a share offering it announced earlier in the day, raising US$587.4 million in additional equity capital.
Shares of the movie theater chain were up six per cent at around US$67 in mid-afternoon, after losing more than a third of their value in the morning. The company said it completed an 11.55 million share offering it announced before the market opened at an average price of approximately US$50.85 per share.
AMC has been taking advantage of a blistering run in its stock price to complete two share issues in three days. In announcing the latest issue, it said it did not know how long its run would last and warned investors of the risks involved.
Global’s Anne Gaviola reports.
For more info, please go to https://globalnews.ca/news/7917321/amc-stock-investors-warning/
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