AMC's Stock Struggles Despite Avatar's Big Opening

AMC's stock hit a new low, dropping to $1. 64. This happened even though the company had a great weekend with the new Avatar movie. The movie brought in over 4 million people and made $88 million. Most of the money came from special 3D showings. Investors are not happy. They are worried about the future. But one billionaire, Robert Citrone, thinks differently. He bought a lot of AMC stock, almost 4% of his whole portfolio. He paid about $2. 16 per share. This is a big risk, but he believes in AMC.AMC is trying to fix its money problems. They sold most of their shares in a mining company. This gave them $24. 1 million to put back into their movie theaters. The CEO, Adam Aron, is back to work full-time after a health issue. But there are still problems. AMC can sell more stock in the future. This could make the stock price go down even more. Right now, the stock is at a new low for the year. It's 28. 7% below where it was before. People are not buying, even though the stock is cheap. The stock is not moving up. It's stuck below $2. 00. The trading volume is not high enough to show a big change. People are waiting to see what happens next.