AMC’s All-Time Lows May Go Lower As Silver Screens Fade To Black

Shares of AMC Entertainment Holdings Inc (NYSE:AMC) are trading at all-time lows. That’s despite the stock completing a 1-10 reverse split and trading in and out of the $12 level on Monday. But, it may not be AMC’s more near-term issues that are causing the sell-off. Its APE shares, architected by CEO Adam Aron, didn’t give the boost that executives expected, AMC bear Rich Greenfield says. “Box office still down 15% vs 2019 and release calendar collapsing due to double strikes,” Greenfield said Monday. AMC’s “2024 slate also looks weaker than 2023.” Both statements are true. AMC domestic yearl…

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