AMC Entertainment Holdings Inc. has experienced a significant decline in its stock value, reaching an all-time low. The company's shares have plummeted by 15.5% in the year 2024, with the stock trading at the equivalent of 51 cents after a reverse stock split, down from 61 cents. This downturn follows a period of high volatility last year. Insiders, including the CEO, sold their shares at higher prices, while many retail investors held onto their positions. The drop in stock value comes amid broader investor concerns over potential share dilution and as bank accounts are earning around 5%. Additionally, a movie producer expressed a bleak outlook for the company, speculating that AMC might face bankruptcy within the year. The stock officially closed at an all-time low, reflecting the investor's wariness.
In order for $AMC to get back to it's all time highs it needs to rise 14,200%. In other news, no.
AMC Entertainment Stock Drops 15% In First Week Of 2024, Establishing All-Time Low At Start Of Daunting Box Office Year https://t.co/n5ohIZVqRe
$AMC CLOSES AT AN ALL-TIME LOW, SHARES ARE DOWN 15.5% IN 2024
$AMC AMC ENTERTAINMENT CLOSES AT AN ALL-TIME LOW, SHARES ARE DOWN 15.5% IN 2024
⚠️JUST IN: *AMC ENTERTAINMENT CLOSES AT AN ALL-TIME LOW, SHARES ARE DOWN 15.5% IN 2024 $AMC https://t.co/47zCa93TNt
AMC stock closes at all-time low on investor concerns of share dilution https://t.co/GcFwPQp9Du by @ines_ferre
AMC stock touches all-time low on investor concerns of share dilution https://t.co/WFB9TZyfMU by @ines_ferre
Now that $AMC is hitting new lows, trading at the equivalent of 51 cents, it’s time to remind people @Joeschmo3311 tried to pump it, costing people lots of money. That’s why many in the #MMTLP community don’t trust creepy tiny Joey. A quote from one: “he’s a jerkoff vampire that…
“If I had to guess, I unfortunately think AMC will probably go bankrupt this year,” Movie producer @TheDragonFeeder says. https://t.co/VDopI821re
Weird with so much going people are still trying to pump $AMC. It wont work https://t.co/fuTH8yIXWn
$AMC Where's Tara😂😂
AMC Stock Hits All-Time Low. It Can’t Shake Last Year’s Volatility. https://t.co/nLqzO4MXCq
The AMC MOASS from this time didn't age well, so take the needles out of your arms, fellas. AMC today is worth the equivalent of 61 cents after the reverse split. The CEO sold in double digits as did many insiders while you guys held. All this while bank accounts earn around 5%… https://t.co/hw5G5A5pms