AMC stock price: Shares crash as company announces new preferred APE stock
AMC is issuing APE shares to existing AMC shareholders before APE begins trading publicly on the NYSE later this month.
Hot on the heels of announcing its Q2 2022 results yesterday, movie theater chain and meme stock AMC announced it will issue a new type of preferred stock as a dividend to existing AMC shareholders. The announcement of the new preferred stock, ticker symbol APE, has sent AMC shares down in pre-market trading this morning. Here’s what you need to know.