New York, June 16, 2026, 10:46 ET
- AMC wrapped up its $150 million at-the-market equity sale it started in February.
- The theater chain sold around 105.3 million shares, raising cash but leaving current holders diluted.
- AMC shares climbed on Tuesday, rebounding from a short drop Monday.
AMC Entertainment shares rose again Tuesday as traders watched the theater chain after its $150 million stock sale. AMC was up about 2.9% to $2.345 at 14:46 UTC. The stock started at $2.20 and hit a session high of $2.42.
AMC slid 2.56% to finish at $2.28 on Monday, snapping a five-day run, even as trading volume kept above its 50-day average, per MarketWatch. The stock had surged almost 10% last Thursday after the company said it finished its equity raise, a move The Motley Fool covered. The drop followed a choppy open for the week.
AMC said in its June 11 release that it brought in $150 million before commissions and fees after selling around 105.3 million shares. The at-the-market sale started February 9. AMC said the cash will help build reserves and give it flexibility as it tries to cut debt and keep operations running during a better box-office stretch.
AMC Chairman and CEO Adam Aron said in the filing and release the offering “strengthens our balance sheet, bolsters our cash reserves and provides additional flexibility to support our long-term strategic objectives.” Aron said AMC is seeing a broader recovery in theatrical exhibition and is focused on adjusted EBITDA growth, cutting financial leverage, improving guest experience and building shareholder value. Stock Titan
AMC is selling shares as it looks to take advantage of better theater traffic to help its balance sheet. The company pointed to a record box office in May and said six movies in the last 11 weeks had U.S. openings above $75 million. The Hollywood Reporter said AMC is raising cash to beef up reserves and keep chipping away at debt.
AMC’s new equity deal is still a trade-off for investors. More liquidity, but more shares on the market. Stocktwits said B. Riley’s Drew Crum upped his price target for AMC to $2.25 from $2 and kept a Buy, pointing to a better than expected May box office and more confidence in Q2 results. On Tuesday, Simply Wall St said the extra funds give AMC more flexibility, but flagged dilution as a main concern for investors watching future EPS. simplywall.st
