“AMC completes $250 million stock sale during meme rally, shares jump 30%”
May 15, 2024
“AMC Entertainment raised about $250 million of new equity capital, completing the sale Monday during the revived meme stock craze triggered by the return of “Roaring Kitty.”
The movie theater operator sold 72.5 million shares in an at-the-market equity offering that it launched on March 28. AMC sold that stock at an average price of $3.45 per share before commissions and fees, the filing said…”
https://www.cnbc.com/2024/05/14/amc-raises-250-million-in-stock-sale-during-mondays-meme-rally.html
$3.45?! What are these people doing? It jumped to 9 dollars. Even if they sold on the end of the first day they would have made $5 per share. Better safe than sorry I guess but man they left a ton of money on the table.