- Barrons.com
S&P Global Ratings Lowers AMC Entertainment to Selective Default Rating
S&P Global Ratings lowered its issuer credit rating on AMC Entertainment Holdings to selective default from CCC+, following a May 15 debt-for-equity exchange. S&PGR says AMC exchanged certain second-lien notes due 2026 for about 23.3 million shares of its Class A common stock. The agency also says it views AMC's capital structure as unsustainable and "subject to default risk given its heavy debt burden and negative free operating cash flow."
- Yahoo Finance
GameStop stock soars as meme icon raises almost $1 billion in stock sale
Tuesday's stock action may be a sign of market froth, a strategist told Yahoo Finance.
- Investor's Business Daily
GameStop Stock Sale Revitalizes Fading Meme Rally
GameStop soared after the retailer announced it raised $933.4 million from a stock sale. AMC and other meme stocks rallied.
