why amc stock down|AMC Stock Falls After Exhibitor Reveals Plan To Sell Up To

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Shares of top movie theater operator AMC Entertainment fell 9% to close at $4.72 on above-normal trading volume after the company revealed a plan to sell up to 50 million shares。

Investing.com -- AMC Entertainment Holdings Inc (NYSE:AMC) shares slumped 10% at $4.7 on Friday after movie theatre chain entered an agreement with Goldman Sachs Group。

AMC enters a sales agreement with Goldman Sachs. Under the agreement, AMC may sell up to 50 million of its Class A shares over time. AMC Entertainment Holdings, Inc.。

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