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AMC stock finished the month of March down 13.9%, then nose-dived another 21% in April. But in May, shares briefly vaulted 305% and hit a multimonth high of 11.88.

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This, in turn, would further dilute AMC shares’ value and likely drive the stock price down. In the absence of additional capital, the most apparent course of action would be to file for Chapter 11.

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