Citigroup seriously?! AMC Entertainment Holdings Inc.’s stock gained 4.2% Monday, after Citigroup opened a downside 30-day catalyst watch for the stock. The move comes as investors await a chancery court decision that’s expected to clear the way for the company to convert its AMC Preferred Equity

What is real bro… AMC Entertainment Holdings Inc.’s stock gained 4.2% Monday, after Citigroup opened a downside 30-day catalyst watch for the stock.

The move comes as investors await a chancery court decision that’s expected to clear the way for the company to convert its AMC Preferred Equity units , known as APEs, into common stock.