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Why AMC Entertainment Holdings Stock Was Down Today, Before Recovering

TheMotleyFool

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Why AMC Entertainment Holdings Stock Was Down Today, Before Recovering

Shares of AMC Entertainment Holdings (NYSE: AMC) fell hard in early trading on Monday because financial services company Credit Suisse downgraded the stock and sees significant downside due to the ongoing COVID-19 pandemic. As of 11:45 a.m. EDT today, the stock was up just under 1%, but it had been down 10% earlier in the session.

It's a continuation of a painful journey for AMC shareholders. Over the last three years, shares have lost more than 80% of their value, severely underperforming the market during that time.