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Why AMC Stock Is Dropping Today

Why AMC Stock Is Dropping Today

Shares of theater owner AMC Entertainment (NYSE: AMC) plunged 6% early Monday on news related to its recently created AMC Preferred Equity (NYSE: APE) units. Investors holding out hope for a recovery in AMC's business were originally excited when the company issued the new equity units to existing shareholders as a special dividend. AMC Preferred Equity units (APEs) began trading on the New York Stock Exchange just over a month ago, on Aug. 22.