AMC Entertainment announced Thursday that it plans to sell more than 11 million shares amid the trading frenzy in its stock. “Subject to the terms of the distribution agreement, we may from time to time offer and sell through our sales agents up to a total of 11,550,000 shares of our Class A common stock,”…

Bed Bath & Beyond shares rose more than 60% on Wednesday as a number of so-called meme stocks rose. The stock was in positive territory after the retailer announced it would launch three own brands this quarter, which was a key element of its turnaround strategy ahead of schedule. However, the stock continued to gain…

Mario Tama | Getty Images AMC Entertainment’s stock continued its wild ride Wednesday, with the price per share rising more than 100% and prompting a halt in its trading several times. AMC is one of several so-called meme stocks that have seen a surge in interest from individual investors this year, along with names like…

The second test of blood from Kentucky Derby winner Medina Spirit confirmed the presence of the banned steroid betamethasone, a lawyer for the horse’s owner told CNBC on Wednesday. The second positive test sharply increases the chance that Medina Spirit’s victory on May 1 will be overturned by Kentucky racing officials and that Mandaloun, which…

Elon Musk brought electric vehicles into the mainstream with Tesla. Now the electric car company is grappling with the aftermath of its own innovation, former Ford Motor CEO Mark Fields told CNBC on Wednesday. “One of the many things he’s done is get the industry to take EV seriously,” Fields said of Musk, Tesla CEO.…

Churchill Downs Racetrack suspended horse trainer Bob Baffert for two years just hours after attorneys revealed Wednesday that his Kentucky Derby winner Medina Spirit had failed a second drug test for the banned steroid betamethasone. The suspension means that no horse trained by Baffert or by Bob Baffert Racing Stables can race at any track…

Maryland Governor Larry Hogan Chip Somodevilla | Getty Images News | Getty Images According to a CNBC analysis of the Department of Labor data, around 3.7 million Americans will be affected by the state’s early withdrawal from federal unemployment programs. Last month, 25 states announced plans to end the pandemic-era benefits before they formally expire…

AMC multiplex cinema. NicolasMcComber | Getty Images AMC Entertainment’s stock opened at an all-time high on Wednesday after dismissing a report that a hedge fund had sold its stake in the cinema company. The stock opened at $ 37.52, rose nearly 20%, then rose to $ 41.95, up more than 30%. AMC’s previous intraday high…

The AMC Burbank 16 and the Batman bronze statue in Downtown Burbank. AaronP/Bauer-Griffin | GC Images | Getty Images AMC Entertainment is rewarding its new shareholders. On Wednesday, the movie theater chain launched a new portal on its website just for its retail investors. The site, which requires stockholders to self-identify and sign-up for the…

Emily Blunt, Millicent Simmonds and Noah Jupe star in “A Quiet Place Part II”. Paramount Pictures The box office is recovering. Over the four-day Memorial Day weekend, North American cinemas achieved nearly $ 100 million in ticket sales, the best performance since the pandemic began. Although less than half of the $ 232 million raised…