Shares of AMC Entertainment Holdings Inc. are down 3.1% Tuesday, placing the inventory on tempo for an additional record-low shut.
The inventory is buying and selling round $5.13, under its record-low shut of $5.17 on Jan. 5.
Related: AMC’s inventory extends dropping streak to 5 days, hits one other record-low shut
AMC
AMC,
shares, which snapped a five-day dropping streak Monday, are at present down six of the previous seven days. Last week the inventory hit report lows, reflecting the demise of the movie-theater chain’s meme-stock standing. This is a far cry from AMC’s meme-stock heyday, when the inventory hit an all-time closing excessive of $339.05 on June 2, 2021, Dow Jones market knowledge present, citing out there knowledge again to Dec.18, 2013.
AMC’s inventory is down 85.7% within the final 52 weeks, in contrast with the S&P 500’s
SPX
achieve of 21.3%.
Related: This is what we will anticipate to see from meme shares in 2024
On Sunday, AMC Chief Executive Adam Aron expressed the movie-theater chain’s “eternal gratitude” to Taylor Swift after the singer-songwriter’s live performance movie, for which AMC served because the distributor, broke one other report.
Variety reported Sunday that “Taylor Swift: The Eras Tour” has earned greater than $261.6 million globally, making it the highest-grossing live performance and documentary movie in historical past, surpassing “Michael Jackson’s This Is It.”
Source web site: www.marketwatch.com
