"AMC Stock Plunges to Record Lows, Extends Losing Streak"

AMC's stock hit another record low, closing at $4.70, down 4.3% and extending its losing streak to three days. The stock is down over 98% from its all-time high in June 2021, reflecting the decline of its meme-stock status. AMC has been addressing its debt burden and recently completed an equity offering, raising approximately $350 million. The company also entered into exchange agreements to issue shares in exchange for notes due in 2026. Despite this, AMC CEO expressed gratitude for the success of Taylor Swift's concert film, distributed by AMC. Analysts have mixed ratings for AMC, with four holding and three selling.