Shares of AMC Entertainment Holdings Inc. were down 2.98% last Friday, putting the stock to continue its run of record lows and extend its losing streak to four days.
The slide would be AMC's $(AMC)$ longest since a five-day losing streak that ended Jan. 5. AMC's stock, which is trading at around $4.63, has hit a series of record-low closes recently and ended Thursday's session at an all-time low of $4.70. The stock's recent performance reflects the demise of the movie-theater chain's meme-stock status.
The company's shares are down more than 98% from their all-time closing high of $339.05 on June 2, 2021, according to Dow Jones Market Data, based on available data going back to Dec. 18, 2013.
Three years ago, AMC went from a beleaguered pandemic victim to a meme-stock phenomenon. Boosted by the WallStreetBets crowd on Reddit, AMC used a steep rise in its share price to tap into equity and debt markets, raising $917 million in January 2021.
The stock is currently down nine of the past 10 days and is also down four consecutive days, a period during which the stock has fallen more 12%, according to Dow Jones Market Data.
AMC's stock is down 89.6% in the last 52 weeks, compared with the S&P 500 index's SPX gain of 19.6%.
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