$AMC your CEO caused yesterdays dips, not magic ladders or shorts. AMC Entertainment said it has completed its new stock offering announced just this morning, raising $587.4 million in additional capital. Shares of the movie theater chain pared losses after the news, trading down about 10% after shedding more than 30% earlier Thursday. The company said it sold 11.55 million shares at an average price of approximately $50.85 per share in an at-the-market equity program launched earlier Thursday. “Bringing in an additional $587.4 million of new equity on top of the $658.5 million already raised this quarter results in a total equity raise in the second quarter of $1.246 billion, substantially strengthening and improving AMC’s balance sheet, providing valuable flexibility to respond to potential challenges and capitalize on attractive opportunities in the future,” AMC President and CEO Adam Aron said in a statemen
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