AMC CEO Says He’s Hopeful Despite ‘Distressing’ All-Time Low Share Price: ‘We Will Continue to Innovate’

AMC Entertainment CEO Adam Aron addressed the theater chain’s struggling stock price — $1.61 at time of publishing — in a statement to shareholders Friday, acknowledging the “distressing” decline. The stock hit a new all-time low of $1.55 in Wednesday afternoon trading.

Shares of AMC Entertainment Holdings, Inc. closed down 3.73% at the same level. According to data from Benzinga Pro, the decline came even as more than 5.5 million people visited AMC Theaters worldwide from Christmas...