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AMC Slides as CEO Adam Aron Makes Case for 25 Million Share Sale

AMC Entertainment shares moved lower in pre-market trading Friday after CEO Adam Aron made the case for another round of capital raising that would give the world s biggest movie theatre chain the ability to pursue value creation opportunities" for its army of retail investors.

AMC Higher After Solid UK Box Office Weekend, China Investor Exit

Original: AMC Entertainment  ( AMC) - Get Report shares moved higher Monday after its British cinemas recorded their busiest week of  ticket sales since the pandemic, offsetting the departure of a key investor in the world s biggest movie theatre chain. Oden said it sold more than 300,000 tickets for the week beginning on May 17, and saw strong pre-sale demand for upcoming films including Cruella, Demon Slayer and The Conjuring. AMC s smaller rival, Cineworld, said its re-opening weekend in the U.K. topped forecasts thanks in part to the success of the animated comedy Peter Rabbit 2 .  AMC s U.S. prospects heading into the Memorial Day weekend are also looking brighter, with domestic coronavirus cases falling below the 13,000 mark and the lowest levels since March 2020 amid a vaccine rollout that has put shots in the arms of more than 287 million Americans. 

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