This post was originally published on this site
As of September 30, 2021, the company operated 100% of its domestic theaters and approximately 99% of its international theaters.
However, the stock is currently trading 45.7% below its all-time high. Its shares have lost 5.6% in price since the company reported its third-quarter earnings on November 8. AMC’s top line increased in the quarter, and its losses narrowed, but its business did not return to its pre-pandemic level. In addition, AMC’s CEO, Adam Aron, sold 625,000 shares yesterday for roughly $25 million. So, the stock’s near-term prospects do not look very promising.
