AMC Entertainment stock fell 2% today and dropped 15% this week to establish a new all-time, split-adjusted low of $5.17. It is a notable turnaround after the unlikely boost delivered in 2020 by meme-happy individual investors who built positions even as movie theaters were shuttered by Covid.
Some shareholders have more recently become restless about the challenges facing the No. 1 movie theater circuit in what is shaping up as a daunting year at the box office.
The overall release slate as of now features significantly fewer major titles than last year due to factors including the dual strikes of 2023 and continued uncertainty about post-pandemic moviegoing.
In addition to those operational issues, there is the specter of dilution in light of the company’s issuing of new shares in order to pay down debt.
Read more on deadline.com
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