AMC Entertainment's Stock Slide Continues Amid Market Volatility
TL;DR Summary
AMC Entertainment's shares closed at a record-low of $4.07, extending its losing streak to five days and marking a 91.6% fall in the last 52 weeks, reflecting the demise of its meme-stock status. CEO Adam Aron attributed the slide to the lingering impact of the COVID-19 pandemic on the movie-theater industry.
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