epaselect epa10820086 A customer goes to see a movie at an AMC Theatres location in Washington, DC, USA, 25 August 2023. AMC Entertainment Holdings converted its preferred equity units (APEs) to common stock, 25 August, after completing a 10-for-1 reverse stock split. The move will allow the company to issue more shares later in an effort to pay down debts but raising investors' concerns holdings will be diluted. AMC stock was down 25 August, following the conversion and after closing down 26.4 percent lower on 24 August. EPA/MICHAEL REYNOLDS
