AMC Hits Another Record Low Close of $5.3, Extends Losing Streak to Four Days

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AMC Hits Another Record Low Close of $5.3, Extends Losing Streak to Four Days

MarketWatch01-05

AMC Entertainment Holdings Inc. hit another record low close Thursday, ending the session at $5.30 after falling 5%. The stock is now on a four-day losing streak, its longest since a five-day streak ...

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The stock is now on a four-day losing streak, its longest since a five-day streak ...</p>\n\n<a href=\"https://www.marketwatch.com/story/amc-hits-another-record-low-close-extends-losing-streak-to-four-days-9bcc4c54?mod=newsviewer_click\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4108","symbol_name":"电影和娱乐","start_time":0,"source_url":"https://www.marketwatch.com/story/amc-hits-another-record-low-close-extends-losing-streak-to-four-days-9bcc4c54?mod=newsviewer_click","article_id":"2401324129","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2401324129","pubTimestamp":1704436566,"sourceInfo":{"source_id":"marketwatch_hot_news","name":"MarketWatch"},"weMediaInfo":null,"summary":"AMC Entertainment Holdings Inc. hit another record low close Thursday, ending the session at $5.30 after falling 5%. 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The stock’s previous record closing low had been $6.07, which was set on Dec. 21, 2023, according to Dow Jones Market Data, citing available data back to Dec. 18, 2013.The decline in AMC’s share price is a far cry from its meme-stock heyday when it hit an all-time closing high of $339.05 on June 2, 2021.In a filing Tuesday AMC said that between Dec. 28 and Dec. 29, 2023, the company entered into a series of privately negotiated exchange agreements to issue 3,258,657 shares of Class A common stock in exchange for $22.5 million of its notes due in 2026.  The common stock issued had an implied value of $6.94 per share, according to AMC. “The company may engage in similar transactions in the future but is under no obligation to do so,” AMC said in the filing.The move is the latest in AMC’s attempts to tackle its debt burden, which reached more than $5 billion in 2022. That year, AMC launched its APE special dividend and in 2023 completed the conversion of the APEs into AMC common stock and a reverse 1-for-10 split of common stock. In December, AMC also completed its latest at-the-market equity offering, raising approximately $350 million. AMC CEO Adam Aron has repeatedly warned that the company faces liquidity challenges. AMC’s shares are down 84.8% over the past 12 months, compared with the S&P 500 index’s SPX gain of 23.1%.Of seven analysts surveyed by FactSet, four have a hold rating and three have a sell rating for AMC.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":3,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}