Investment firm Mudrick Capital has exited both its debt and equity positions in AMC Entertainment, sources tell CNBC's David Faber.
, as the 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. The company completed another equity offering on Thursday, raising $587 million. Even with an 18% decline on Thursday, the stock is still up 96% this week.Become a smarter investor withSign up to start a
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