Many on Wall Street are betting against AMC Entertainment. Its stock has plunged 75%, erasing nearly $3 billion in market cap, since the start of 2017. The company was one of the most-shorted stocks on the Russell 3000 as of late January.
Business Insider conducted a review of the movie-theater giant’s business, interviewing its CEO, along with 20 people who have worked there during his tenure, from 2016 through 2019. „I believe that if we carry out our plan and, assuming the box office has a recovery in 2021 as we expect, people will be writing about AMC quite differently,“ AMC CEO Adam Aron said.Lately, AMC Entertainment’s movie magic has sputtered in the eyes of investors and analysts. Its stock has plunged 75%, erasing nearly $3 billion in market cap, since the start of 2017.
Until AMCTheatres gets better popcorn, the downward spiral will continue 😂
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