Adam Aron, CEO of theatre chain AMC Entertainment (AMC), was delighted to share about the trading halt of both AMC shares and APE units yesterday. “On Monday, AMC was halted 3 times, APE halted 10 times!”, Aron quoted on Twitter (TWTR). AMC’s preferred share units, called “APE” (AMC Preferred Equity) units, started trading on the New York Stock Exchange (NYSE) on Monday, August 22. Within minutes of trading, both AMC stock and APE units had breached the 5% price change. Such a breach calls for a five-minute halt in trading of the shares. AMC stock crashed 41.95% yesterday closing at $10.
https://www.tipranks.com/news/ceo-aron-tweets-about-amc-entertainment-nyseamc-and-ape-trading-halt?utm_source=advfn.com&utm_medium=referral
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