AMC’s APEs hit new small

AMC Leisure Holdings Inc.’s
AMC,
-8.98%
AMC Preferred Fairness Units
APE,
-9.00%,
or APEs, hit a new very low of $.82 on Wednesday. The stock was down 7.6% by mid-afternoon Wednesday, outpacing the S&P 500 Index’s
SPX,
-.18%
decrease of .01%. The APEs have fallen 86.3% since building their investing debut on Aug. 22, but rallied previous week as AMC shares spiked up in volatile trading. With its APE equity unit, AMC produced anything like a 2-for-1 stock break up, marking the company’s latest work in a fight about stock issuances. AMC is also getting goal at its large personal debt burden with the ‘APE’ particular dividend. The title is a nod to the buyers who turned the organization into a meme inventory, who generally refer to them selves as “apes” or “ape country.”