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Monday, May 27, 2024

AMC shares make biggest gain in three months ahead of stock conversion hearing

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AMC Entertainment Holdings Inc.’s stock ended Wednesday’s session up 7.6% on the eve of a key hearing in the company’s push to convert its AMC Preferred Equity Units into common stock.

Shares of AMC
AMC,
+7.56%

had their largest single-day percentage gain since April 6, when they rose 21%. Earlier this week, the stock snapped its longest losing streak in 18 months. The APE
APE,
-3.37%

units ended Wednesday’s session down 3.4%.



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