Why AMC Entertainment Dropped as Much as 13% Today
Shares of movie theater operator AMC Entertainment Holdings (NYSE: AMC) dropped a little more than 13% at one point in morning trading on Dec. 15. Although the stock gained back some of that loss, it was still lower by 10% at roughly 1 p.m. EST.
The truth is that the company didn't post any news to its website that would have justified today's drop. And the news from the Wall Street press didn't seem to provide any material new information about the company, either. The real issue is that investors are starting to question just how much time AMC has left before it runs out of cash, something it has already warned is a very real possibility.
Image source: Getty Images.
Source Fool.com
