AMC shares surge after judge rejects APE conversion plan, Tesla stock slips on downgrade and other stocks on the move

Here are some of the biggest movers of the day:

Stock gainers:

Shares of AMC Entertainment Holdings Inc.
AMC,
+1.62%
skyrocketed 57% after a Delaware judge blocked the company’s plan to convert its APE preferred units into stock. CEO Adam Aron said Sunday that a revised proposal was submitted over the weekend, and warned that AMC faces the risk of financial collapse if it cannot raise more equity capital. The APE
APE,
-2.17%
unit price fell by 9%.