(CNBC) Branded credit cards and a pay freeze for its CEO have done little to assuage AMC Entertainment shareholders’ growing concerns, as the movie theater chain’s stock hit a fresh 52-week low Wednesday. Shares of AMC have fallen more than 85% so far this year, closing at $3.84 a share on Wednesday. The stock drop comes as the company has devised several plans to raise more capital to pay down its debt, and invest in acquisitions and theater upgrades.
AMC shares hit 52-week low as recent moves and gimmicks fail to win over investors
This entry was posted in Syndicated. Bookmark the permalink.