“AMC shares tank more than 30% as Regal Cinemas owner warns of potential bankruptcy”
August 22, 2022
“Shares of theater chain and meme trader favorite AMC fell sharply on Monday as the struggles of a rival company appeared to weigh on the stock.
AMC was down more than 30% in premarket trading, building on a loss of more than 26% last week. The drop comes as rival Cineworld said on Monday it is considering filing bankruptcy…
AMC reported more than $5 billion in long-term debt at the end of the second quarter. That total climbs to more than $10 billion when including lease obligations and other long-term liabilities…”