AMC's 10:1 Reverse Stock Split in Effect; Frontline Surpasses Expectations
- August 24th, 2023
- 491 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%).
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
Post Your Comments
Want To Find Some News?
Recent Posts
-
Key Earnings Ahead for Netflix, Fastenal, and U.S. Bancorp
January 18th, 2026Louisville Thunder Appoints Veteran Coach Mike Reed to Lead Program
January 15th, 2026FDA Approves First Treatment for Children With Menkes Disease
January 13th, 2026January 13th, 2026Wall Street Eyes Bank of America, Wells Fargo, Citi Ahead of Earnings
January 11th, 2026
Member Login