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Benzinga
  • 5 minutes ago
AMC shares slipped as broader markets weakened, with investors cautious despite a box office rebound and strong holiday attendance amid balance sheet and dilution concerns.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:03AMC Entertainment Holdings Incorporated shares traded lower on Wednesday
00:06as the stock struggled to hold gains following recent box office results, according to Benzinga.
00:11The decline came as broader markets weakened,
00:15with the S&P 500 down 0.94% and the NASDAQ 100 down 1.64%.
00:21AMC recently hit an all-time low before rebounding after the release of Avatar Fire & Ash,
00:27which grossed $483 million worldwide.
00:30The company reported its strongest pre-Christmas weekend since 2021,
00:34drawing more than 4 million guests and generating $88 million domestically.
00:39Wall Street remains cautious due to balance sheet concerns and potential dilution
00:43tied to a new note agreement allowing up to $150 million in stock offerings starting February 2026.
00:50Shares were down 3.73% at $1.55 on Wednesday's close,
00:55according to data from Benzinga Pro.
00:58For all things money, visit Benzinga.com.
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