AMC Stock Slips To Day’s Low After The News Update: Now What?

AMC Entertainment (NYSE:AMC) near lows after Wanda America Entertainment confirmed the sale of more than 30 mln shares (transaction dates 5/13-5/18).

AMC Stock Slips To Day’s Low After The News Update: Now What?

On May 13, 2021, WAE sold 95,600 Class A Shares in the open market at a price of $14.100 per share. On May 14, 2021, WAE sold 4,127,863 Class A Shares in the open market at a price of $14.0061 per share.

On May 17, 2021, WAE sold 9,073,755 Class A Shares in the open market at a price of $14.0125 per share. On May 18, WAE sold 505,000 Class A Shares in the open market at a price of $14.9823 and 16,643,072 Class A Shares in the open market at a price of $14.00 per share.

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AMC stock is trading lower by 3.86% to $12.06. The stock has lost almost 20% from this week’s peak price of about $15. However, the stock is still up 33% over the past 2 weeks.

Anthony Gonzales

Biotech, Tech, and Crypto reporter Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.