AMC Stock Hits All-Time Low, Extends Losing Streak

AMC stock closed at a record low of $4.55 per share, down 3% on Friday, as the theater chain continues to issue stock to reduce its debt, diluting equity investors. The stock is down 90% since July 2023 and has been on a downward spiral for months. Despite recent successful movie releases and announcements, including the highest-grossing theatrical release in history among concert and documentary films, the news failed to boost the stock. AMC is expected to announce fourth quarter earnings on Jan. 28.