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AMC Entertainment shaky in early trading

Published 02/06/2018, 08:38 AM
© Reuters.  AMC Entertainment shaky in early trading
AMC
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BABA
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  • Shares of AMC Entertainment (NYSE:AMC) are down 6% in premarket trading to $13.35 to outpace the declines of broad stock market futures.
  • A deal struck yesterday by Dalian Wanda Group to sell a $1.24B stake in Wanda Film is in the background on AMC, even though the U.S. theater chain was not part of the assets unloaded to Alibaba (NYSE:BABA).
  • AMC trades 59% below its 52-week high of $32.95.
  • Previously: Alibaba leads $1.24B investment in Wanda film unit (Feb. 5)
  • Now read: Regal Entertainment: Bumpy Roads Ahead


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