AMC says may sell nearly 12 million shares

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An AMC theatre is pictured in Times Square in New York City

(Reuters) – Theater chain operator AMC Entertainment Holdings Inc said on Thursday it may sell up to 12 million of its shares, following a steep rally in its stock.

Shares of AMC, one of the so-called “meme stocks,” were up 11.4% in premarket trading.

(Reporting by Akanksha Rana in Bengaluru; Editing by Saumyadeb Chakrabarty)

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