"Delaware Court Upholds AMC Stock Conversion Amid Market Fluctuations"

AMC Entertainment shares are down after Delaware's highest court upheld a ruling allowing the company to convert its stock to AMC Preferred Equity units (APE). This move, initially met with shareholder resistance due to dilution concerns, was part of a broader strategy to raise capital. The stock has been volatile recently, influenced by renewed interest in meme stocks and the social media return of GameStop trader Keith Gill.