Going to the movies is fun and exciting again. But can it match the truly mind-bending action of AMC Entertainment (AMC)?
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Starting the year 2021 at 2 a share, AMC stock skyrocketed 36-fold to an all-time high of 72.62 on June 2 that same year.
Then came 2022, a brutal year for meme stocks.
AMC stock started the year at 27.20 and ended at 4.07, a miserable loss of 85%. Since then, AMC’s drama in the stock market today has continued.
The current year saw a much better start for AMC. But after more than doubling from its year-end close of 4.07 during the first two months of 2023, shares slid hard after the company said March 14 that 87% of voting shareholders approved a plan to conduct a 1-for-10 reverse stock split.
That reverse split has yet to take place.
And on Friday after the close, AMC stock jumped as much as 100% to an after-hours session high of 8.80 following a CNBC…
