"AMC Stock Surges 10% in Biggest Gain Since August, CEO Attributes Poor Performance to Anemic Box Office"

1 min read
Source: MarketWatch
"AMC Stock Surges 10% in Biggest Gain Since August, CEO Attributes Poor Performance to Anemic Box Office"
Photo: MarketWatch
TL;DR Summary

AMC Entertainment Holdings' stock rallied over 10% on Tuesday, marking its largest daily gain since August. This comes after hitting record lows, with CEO Adam Aron expressing frustration over the decline. The stock's recent performance contrasts sharply with the meme-stock frenzy, during which it surged to an all-time high. Despite the recent rally, AMC shares have fallen 92.5% over the past 52 weeks, in contrast to the S&P 500 index's gain.

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