AMC Stock Hits New Low

Benzinga

Shares of AMC Entertainment Holdings Inc hit a new all-time low despite strong holiday theater attendance and event screenings, including a partnership with Netflix, as negative price momentum persists, according to Benzinga.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:03AMC Entertainment Holdings Inc. shares hit a new all-time low of $1.55 in Wednesday

00:09afternoon trading and closed down 3.73% at the same level, according to Benzinga Pro Data.

00:16The decline came even as more than 5.5 million people visited AMC theaters worldwide from

00:21Christmas through the following Sunday. The period was supported by releases including

00:26Avatar Fire and Ash and Zootopia 2, which each generated at least $14 million at the domestic

00:33box office. AMC expanded event programming by partnering with Netflix Inc. to screen the

00:39Stranger Things series finale in more than 620 theaters, with over 1.1 million seats reserved.

00:46AMC shows negative price trends across short, medium, and long-term time frames,

00:51indicating continued downside momentum, according to Benzinga Edge stock rankings.

00:56For all things money, visit Benzinga.com.

Category

Transcript

Be the first to comment

Recommended