What happened to AMC Entertainment shares?

AMC Entertainment shares plummeted more than 20% Tuesday, slipping to a new 52-week low of $2.46 per share. On Friday, the movie theater chain’s preferred equity units, dubbed APE shares, are set to be transformed into common stock just one year after they began trading on the New York Stock Exchange.

Is AMC a good stock to buy in 2021?

AMC is the top-performing large-cap stock in 2021. However, its shareholder equity is deeply in the red, and multiple data points suggest its shares could eventually head to $0. You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services.

Does AMC own a theater?

AMC Entertainment Holdings, Inc. engages in the theatrical exhibition business through its subsidiaries. It operates through the U.S. Markets and International Markets segments. The U.S. Markets segment is involved in owning, leasing, or operating theaters and screens in the U.S.

Is AMC a'meme stock'?

AMC has been labelled a "meme stock" which means it captured the attention of a group of investors who are active online. AMC shares first went up dramatically in January after being targeted by investors who were active on Reddit, along with shares in Gamestop.