AMC on pace for another record low close, reflecting demise of ‘meme stock' status

Shares of AMC Entertainment Holdings Inc. are down 6.6% Wednesday and the stock is trading around $5.71, putting it on pace for another record low close.The stock’s current record closing low is $6.07, which was set on Dec. 21, 2023, Dow Jones market data show, citing available data back to Dec. 18, 2013. The decline in AMC’s AMC, -6.46% share price is a far cry from its meme stock heyday when it hit an all-time closing high of $339.05 on June 2, 2021.Three years ago the movie theater chain went from a bele ...