From Dow Jones & Company:

The stock price for AMC Entertainment Holdings Inc. ended Wednesday’s session at an all-time record-low of $5.58, marking an 8.7% decline. The company is facing financial challenges, struggling under a debt burden of over $5 billion in 2022. Despite its meme-stock status fading, AMC has seen attention-grabbing successes in areas such as concert movie releases. CEO Adam Aron remains optimistic, highlighting the company’s ability to innovate and adapt. AMC’s stock has dropped by 84.5% in the last 12 months, while the overall S&P 500 index has gained 22.1%.



Read more: AMC hits another record low close, reflecting demise of ‘meme stock’ status