Published by
Benzinga
Benzinga
AMC Entertainment Holdings Inc (NYSE: AMC) shares are trading higher by 9.2% to $8.26 Wednesday afternoon, rebounding following recent weakness. The stock has experienced marked volatility in recent sessions after the company last week entered into an equity distribution agreement for up to 40 million shares at an at-the-market program. What To Know AMC last week revealed an equity distribution agreement that enables the company to periodically sell up to 40 million shares of common stock through an offering program. The purpose behind this move, according to AMC, is to utilize the potential p…