Saturday, December 3

Tag: AMC Entertainment Holdings Inc

AMC Entertainment stock falls to 52-week low
Entertainment

AMC Entertainment stock falls to 52-week low

The AMC 25 Theatres in Times Square in New York is seen on Tuesday, July 8, 2014.Richard Levine | Corbis News | Getty ImagesAMC Entertainment hit a new 52-week low Wednesday as the movie theater company contends with a massive debt load, dilution of its stock and a film release schedule short on blockbusters.Shares of the world's largest movie theater company have fallen about 80% to under $6 so far this year, as investors question the company's capital structure and overall business strategy.The company came back from the brink of bankruptcy in 2021 thanks to millions of retail investors who turned its shares into a meme stock. Since then, AMC has devised several plans to raise more capital to pay down its debts and invest in acquisitions, theater upgrades, a popcorn business and even a g...