AMC stock drops after court approves ‘APE’ conversion

AMC stock drops after court approves 'APE' conversion

font size Brandon Bell/Getty Images shares AMC Entertainment It was sinking in late trading on Friday after Bloomberg mentioned The company has received approval to proceed with the planned conversion from AMC Preferred Equity, or APE, units into common shares. AMC stock (stock ticker: AMC) fell 27% to $3.83. APE units are up 26%. AMC … Read more