AMC's 10:1 Reverse Stock Split in Effect; Frontline Surpasses Expectations
- August 24th, 2023
- 609 views
Shares of AMC Entertainment Holdings, Inc. (NYSE: AMC) fell in pre-market trading after a 10-to-1 reverse stock split took place today.
The company's preferred shares "APE" are set to transition to common stock on Friday, August 25th.
$AMC was trading at $17.55 in pre-market, down $2.05 (-10.47%).
In other news, Frontline plc (NYSE: FRO), a leading international shipping company specializing in the transportation of crude oil, reported second-quarter 2023 earnings of $0.94 per share, surpassing the consensus EPS estimate of $0.83. The company's quarterly sales reached $522.15 million, exceeding analysts' projected revenue of $336.39 million.
Furthermore, Frontline announced a cash dividend of $0.80 per share for the second quarter of 2023.
In pre-market, $FRO was trading at $18.19, up $0.38 (+2.13%).
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