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What Happened to AMC Preferred Equity After the APE Was Released This Week?

TheMotleyFool

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What Happened to AMC Preferred Equity After the APE Was Released This Week?: https://g.foolcdn.com/editorial/images/698308/movie-theater-projection-projector-getty.jpeg

Shares of AMC Preferred Equity (NYSE: APE) burst onto the market Monday with an opening price of $6.95 per share and fluctuated wildly in value, trading between a high of $10.50 per share, a 51% gain, to a low of $5.21 per share, a 25% loss, before closing at $6 a stub, down 13% on the day.

The rest of the week has been almost as volatile with significant swings in value. APE closed out trading on Thursday at $6.70 per share, a 13.5% loss so far. But there's more to APE than just its daily price fluctuations.

Image source: Getty Images.

Source Fool.com

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