AMC Entertainment Consolidates APE Equity Distribution Agreement: Here''s What To Watch AMC Entertainment Holdings, Inc (NYSE: AMC ) was trading about 8% higher Tuesday after a massively bearish day on Monday caused the stock to plunge about 15%. The company announced a plan to sell up to 425 million AMC Preferred Equity Units (NYSE: APE ), which pressured both AMC and APE lower. Through the equity distribution agreement, AMC may repay, refinance, redeem or repurchase debt it has incurred in order to meet its financial goals. The higher open, which set AMC into the middle of Monday’s trading range, caused an inside bar to form on the stock’s chart. An inside bar pattern indicates a period of consolidation and is usually followed by a continuation move in the direction of the current trend. An inside bar pattern has more validity on larger time frames (four-hour chart or larger). The pattern has a minimum of two candlesticks and consists of a mother bar (the first candlestick in the pattern) followed … Full story available on Benzinga.com