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Mudrick Capital no longer owns debt or equity in AMC, sources say

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Investment firm Mudrick Capital has exited both its debt and equity positions in AMC Entertainment, sources tell CNBC’s David Faber, as the movie theater chain’s stock continues to trade wildly amid a boom in speculative retail trading.

AMC announced earlier this week that it had sold 8.5 million equity shares to Mudrick for $230.5 million. The hedge fund was also involved in a key $100 million debt restructuring deal with AMC in December.

AMC has been one of the main meme stocks whose share price has risen dramatically following high interest from retail traders on Reddit. Even with an 18% decline on Thursday, the stock is still up 96% this week.

The movie theater chain, which saw its…



Source cnbc.com

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