AMC Theatres Stock Plunges 50% as Reddit-Inspired Rally Loses Steam
Also Read: Inside AMC's Wall Street Surge: A 'David Vs Goliath' Reddit BattleMKM Partners analyst Eric Handler, in a note to clients this week, added to the grim picture, saying AMC’s share price could slip down to $1 per share this year, per Marketwatch. Handler acknowledged AMC’s recent cash infusion helped avoid bankruptcy, but he said the company still faces serious financial problems.“Equity shareholders have been diluted by roughly 75% over the last couple months and there is still approximately $5.7 billion of debt, a total which is growing each quarter due to deferred interest payments which are tacked on to the principal balance,” Handler said.