The Spread Between AMC and APE Shares Widens After Court Ruling
- AMC common stock rises 21% while APE shares fall 13%
- Delaware court rules against the proposed settlement timeline
AMC’s common stock rose as much as 15% in trading.
Photographer: Amir Hamja/BloombergThis article is for subscribers only.
The spread between AMC Entertainment Holdings Inc.’s common-stock price and its preferred shares widened on Thursday, reversing its narrowing trend earlier this week.
AMC’s common stock rose 21%, while its preferred shares — listed under the ticker APE — fell 13%. That broadened the gap between the two shares to around $3.41, a jump from the $2.34 that it had closed at on Wednesday. AMC bonds also dropped.