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AMC says may sell nearly 12 million shares – Metro US

AMC says may sell nearly 12 million shares

An AMC theatre is pictured in Times Square in New
An AMC theatre is pictured in Times Square in New York City

(Reuters) – Theater chain operator AMC Entertainment Holdings Inc said on Thursday it may sell up to 12 million of its shares, following a steep rally in its stock.

Shares of AMC, one of the so-called “meme stocks,” were up 11.4% in premarket trading.

(Reporting by Akanksha Rana in Bengaluru; Editing by Saumyadeb Chakrabarty)

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