AMC Stock: From $9.71 To $9.39 (3.3% Decrease) Explanation

By Amit Chowdhry ● May 4, 2021
  • The stock price of AMC Entertainment Holdings Inc (NYSE: AMC) fell from $9.71 to $9.39 (down 3.3%). This is why it happened.

The stock price of AMC Entertainment Holdings Inc (NYSE: AMC) fell from $9.71 to $9.39 (down 3.3%). Investors appear to be responding negatively to AMC Entertainment rescheduling the company’s annual meeting of stockholders.

Originally, the 2021 Annual Meeting of Stockholders was supposed to be held today. The date change is going to provide additional time for its millions of current individual shareholders “to have their voices heard and more time to cast ballots on important shareholder matters.”

The Annual Meeting was rescheduled for July 29, 2021, and a new record date of June 2, 2021, has been established for stockholders entitled to attend and vote at the meeting. And the company will deliver a new notice of the Annual Meeting to stockholders as of the record date – who will need to resubmit their votes, even if they have previously voted.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.