Shares of AMC Home entertainment Holdings Inc. ended Friday’s session down 3%, continuing the stock’s run of record lows and extending its losing streak to 4 days.
The slide is AMC’s.
AMC,.
longest because a five-day losing streak that ended Jan. 5. AMC’s stock, which ended the session at $4.56, has actually struck a series of record-low closes just recently and ended Thursday’s session at a then lowest level of $4.70. The stock’s current efficiency shows the death of the movie-theater chain’s meme-stock status.
Related: AMC’s stock strikes another record low, extends losing streak to 3 days
The business’s shares are down more than 98% from their all-time closing high of $339.05 on June 2, 2021, according to Dow Jones Market Data, based upon offered information returning to Dec. 18, 2013.
3 years earlier, AMC went from a beleaguered pandemic victim to a meme-stock phenomenon. Improved by the WallStreetBets crowd on Reddit, AMC utilized a high increase in its share rate to use equity and financial obligation markets, raising $ 917 million in January 2021.
Related: This is what we can anticipate to see from meme stocks in 2024
The stock is presently down 9 of the previous 10 days and has actually fallen more than 12% throughout its four-day losing streak, according to Dow Jones Market Data.
AMC’s stock is down 89.8% in the last 52 weeks, compared to the S&P 500 index’s.
SPX
gain of 19.6%.