"AMC CEO Blames Hollywood Strikes for Record-Low Box Office Performance"
TL;DR Summary
AMC CEO Adam Aron expresses frustration over the decline in the company's share price, attributing it to the impact of the 2023 actors/writers strikes on the early 2024 box office. He also mentions the lingering impact of the COVID-19 pandemic on the movie-theater industry. The stock has hit record lows, reflecting the demise of its meme-stock status, and is down 90.8% in the last 52 weeks. Aron's recent tweets also include praise for Joel Embiid and the Kansas City Chiefs.
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- AMC shares hit another record-low close, extending losing streak to five days MarketWatch
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