AMC Stock Falls After Net Loss Widens. The Meme Trade Needed a Bigger Win.

AMC Entertainment Holdings


beat third-quarter expectations, but shares were falling in late trading.

AMC reported a slimmer-than-expected net loss and edged out revenue expectations during the third quarter. It also said as of Nov. 8, it had sold14.9 million AMC Preferred Equity Units (ticker: APE), raising $36.4 million in net proceeds.