"AMC Stock Plummets to Record Low Amid Oversold Forecast"

AMC's stock continues to plummet, down 6% to hit a record intraday low of $4.29, marking its longest losing streak since January. The movie-theater chain's meme-stock status has waned, with shares down over 98% from their all-time high in June 2021. AMC's recent performance reflects its fall from meme-stock phenomenon to a beleaguered pandemic victim, with the stock currently down 90.4% in the past 52 weeks.