AMC Entertainment Holdings Inc. shares were up 2% Friday, putting the stock on pace to snap a four-day it rose 7.8%.
Shares of the movie-theater chain and original meme-stock darling have hit a series of record lows recently and ended Thursday’s session at an all-time closing low of $4.08.
Related: AMC’s CEO bemoans ‘painful’ stock slide amid ‘ludicrously anemic’ box office
This is a far cry from the heady heights of the meme-stock frenzy, when the company’s shares hit an all-time closing high of $339.05 on June 2, 2021, according to Dow Jones Market Data.
AMC’s recent market performance reflects the demise of the movie-theater chain’s meme-stock status.
Related: ‘Worn-out’ investors are contributing to AMC’s stock slide, Stocktwits says
Earlier this week, AMC Chief Executive Adam Aron described the recent slide in the company’s shares as “painful” and pointed to the lingering impact of the COVID-19 pandemic on the movie-theater industry.
AMC shares have fallen 91.4% in the last 52 weeks, compared with the S&P 500 index’s
SPX
gain of 20.1%
This story originally appeared on Marketwatch
