A guest on Brian Stelter's CNN show "Reliable Sources" speculated that a billionaire axed the left-leaning media criticism show.
What's up with APE? APE shares are a new type of stock developed by AMC.
AMC issuing APE shares. AMC needs money to survive. According to AMC CEO Adam Aron:
Why is AMC stock down 33% if APE is good? Here, things get murky. APE's debut today probably isn't weighing down AMC stock.
Cineworld, the world's second-largest theatre chain, said a dearth of blockbusters this summer kept moviegoers away.
So APE's debut is bad? Yeah. AMC's new stock debuts on a bad day.
APE trades where? APE shares launch on August 22.
Why is Cineworld's announcement hurting AMC? Cineworld is No. 2 in the world, after AMC. Investors fear Cineworld's attendance issues will affect AMC.
AMC hoped today would be one of its best: The movie theatre chain's new APE shares are debuting on the stock market.