AMC Entertainment Holdings Inc. shares ended Friday’s session down 0.3% at a record-low close of $4.07.
Shares of the movie-theater chain and original meme-stock darling have hit a series of record lows recently, having ended Thursday’s session at what was then an all-time closing low of $4.08. They traded as high as $4.73 on Monday and went on to shed nearly 10% on the week.
Related: AMC’s CEO bemoans ‘painful’ stock slide amid ‘ludicrously anemic’ box office
Also see: ‘Worn-out’ investors are contributing to AMC’s stock slide, Stocktwits says
The stock extended its losing streak to five days on Friday and is now down 16 of the last 19 trading sessions. This is a far cry from the heady days of the meme-stock frenzy, when the company’s shares hit an all-time closing high of $339.05 on June 2, 2021, according to Dow Jones Market Data.
AMC’s recent market performance reflects the demise of the movie-theater chain’s meme-stock status.
Earlier this week, AMC Chief Executive Adam Aron described the recent slide in the company’s shares as “painful” and pointed to the lingering impact of the COVID-19 pandemic on the movie-theater industry.
AMC shares have fallen 91.6% in the last 52 weeks, compared with the S&P 500 index’s SPX gain of 20.2%
