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Shares of top movie theater operator AMC Entertainment fell 9% to close at $4.72 on above-normal trading volume after the company revealed a plan to sell up to 50 million shares。

This, in turn, would further dilute AMC shares’ value and likely drive the stock price down. In the absence of additional capital, the most apparent course of action would be to file for Chapter 11.

AMC Entertainment (AMC) has been beaten down lately with too much selling pressure. While the stock has lost 17.8% over the past four weeks, there is light at the end of。

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