“AMC has warned it is burning cash at an unsustainable rate and said there would be an increased risk of the company running out of cash in 2024 or 2025 if it was unable to raise capital.
‘This situation is typically considered unfavorable for a company’s future stock performance,’ said Garrett DeSimone, head of quantitative research at OptionMetrics.”
Read the full Reuters article, “Bearish traders swarm AMC options as stock conversion plan faces doubts,” to learn more.