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Updated · MarketWatch · May 1AMC Entertainment stock falls for fourth straight day
9 articles · Updated · MarketWatch · May 1
- The shares dropped 4.61% to $1.45 on Friday, while the Nasdaq rose 0.89% and the Dow fell 0.31%.
- AMC closed 64.46% below its 52-week high of $4.08 reached on 27 May, though it outperformed cinema rivals Cinemark and Marcus on the day.
- Cinemark fell 6.44% to $27.62 and Marcus slipped 0.23% to $17.58, while AMC trading volume of 29.2 million was slightly below its 50-day average.
With AMC warning of losses while raising cash, can its CEO deliver a Hollywood ending for investors? As Gen Z ditches casual moviegoing, can premium formats save cinemas from the convenience of at-home streaming?