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Was ape a successful stock?

From an investor's perspective, APE was not a successful stock. It began trading at $6.95 and eventually fell as low as $1.29. However, APEs did fulfill their purpose for AMC. The movie theater company used APEs to raise cash and pay off or restructure debt.

What happened to ape shares?

APE shares were converted into AMC shares on August 25. A shareholder owning 100 shares of APE effectively traded them in for 10 shares of AMC. The company issued nearly 7 million AMC shares for the settlement agreement noted above. Those shares were delivered to common shareholders at the end of August.

How much does apes cost?

APEs opened at $6.95 on their first day of trading last year and closed at $1.44 on Thursday. The APE name is a nod to the investors who turned the company into a meme stock, who often refer to themselves as “apes” or “ape nation.” In a note released Thursday, Wedbush raised its AMC price target to $19 from $2.

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