AMC Stock Has a Lot to Prove This Week
Earnings season has been less than kind lately, and it's against that unfortunate backdrop that AMC Entertainment Holdings (NYSE: AMC) rolls the projector on its first-quarter results shortly after Monday's close. Investors in the country's leading multiplex operator can use a break. The stock has been cut in half in 2022, and the shares are down 81% since peaking in June of last year.
A strong financial update can help turn the negative momentum around, but that's no easy task for AMC. Box office returns so far this year have been weak, and in this climate of rising rates, it will be challenging to raise money to offset future financial shortfalls. There's still time for an applause-worthy Hollywood ending for AMC shareholders, but there's also a lot of subplots that need to resolved for that to happen.
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Source Fool.com
