$428 Million Dollar AMC share sale

AMC said in a statement Thursday it had sold 43 million shares at an average price of $9.94 apiece in the at-the-market offering, and that sent its stock nearly 16 percent higher.

It said in January it had raised $917 million since mid-December through equity and debt issues. It raised an additional $304.8 million in the same month through a share sale.

What do you think?

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Makes sense. This shows that there exists an appetite for AMC shares beyond the hype.

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