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AMC Stock Plummets to New Lows Despite Strong ‘Avatar’ Opening
NEW YORK (MarketWatch) – AMC Entertainment Holdings’ stock price continued its downward spiral on Monday, hitting a sixth consecutive record low. The slump occurred despite the movie theater chain reporting its highest pre-Christmas weekend box office revenue in four years, boosted by the highly anticipated release of “Avatar” sequel.
While “Avatar” opening generated significant revenue, investors seemed more concerned with AMC’s financial stability. The company recently disclosed an amendment to its debt securities terms, opening the door for further sales of common stock on the open market. This move apparently spooked investors.
First Piper 