AMC Theaters stock sinks as it begins selling "$APE" shares

AMC Theaters is selling a new class of shares today named $APE "in a nod" to the hapless financial lemmings to which it will be sold. AMC Theaters's stock is plunging today, down 38% at the time of posting, even as the company's CEO boasted that "It takes survival risk off the table in the near term. — Read the rest