AMC dropping -35% today. A look at what's happening:

Amc Entertainment Holdings Inc (AMC) is trading -35% lower at $11.8 today. While it's a meh day for the Communication Services sector in general, the stock is underperforming it's peers.

Potential recent catalysts:

Amc Entertainment Holdings Inc has been trading between a 52-week high of $52.79 and a 52-week low of $9.7. The stock has a market cap of $6.1 Billion.

AMC is the largest movie exhibition company in the United States, the largest in Europe and the largest throughout the world with approximately 1,000 theatres and 11,000 screens across the globe. AMC has propelled innovation in the exhibition industry by: deploying its Signature power-recliner seats; delivering enhanced food and beverage choices; generating greater guest engagement through its loyalty and subscription programs, web site and mobile apps; offering premium large format experiences and playing a wide variety of content including the latest Hollywood releases and independent programming.

As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

murphysclaw1 - 326 upvotes - source
* AMC apes voted down a straight dilution of AMC stock at the 2021 AGM * At the 2022 AMC AGM, the CEO basically said "not letting us dilute was dumb and is gonna cause trouble" * A few months later he's come up with this absolutely bizarre and convoluted way of diluting the stock, including creating a new ticker that will eventually convert into AMC and therefore dilute. * however because the new ticker is called "$APE", AMC cultis- I mean investors- think that it is a good idea. A lot of posts were made saying how this is NOT a dilution (lol).

Lumpy-Leather2151 - 294 upvotes - source
If you think $Bbby is announcing bankruptcy you’re a true fucking idiot and deserve to lose all your money. If Bbby was going bankrupt they would have sold a massive quantity of shares on last weeks run. GME AND AMC did that because they were truly going to go bankrupt without the liquidity. anyone who thinks they are going to announce bankruptcy let’s do a ban bet from the mods. Put up or stfu

herzy3 - 260 upvotes - source
AMC bought a gold mine 🤡

DrSeuss1020 - 125 upvotes - source
It reminds me of lots of crypto subs too and AMC sub. Once you start seeing the “who’s still holding?” Rah rah type Of posts you goto get out. I remember seeing that type of shit all the way down

Whaddup_B00sh - 121 upvotes - source
Woke up to take a piss. Checks Reddit, sees this. My $15 strike AMC puts are PRINTINGGGGG

eifirunfudndjjejd - 103 upvotes - source
If you were truly here pre GME, i doubt you’d be saying that. There wasn’t a cult that actively tried to short squeeze something as people understood that shitty stocks were shorted for a good reason. Posts were either clearly a meme or a sound DD. With that said, there was actually a diversity of opinions that people respected and no censorship whatsoever. You cant find quality DDs anymore and people with quality DDs are discouraged from posting it due to the minimal traction it receives. Anything anti-GME, AMC, BBBY are downvoted to oblivion no matter how logical it is. This sub is now crowded by a bunch of emotional investors who know nothing.

RammSnipe - 84 upvotes - source
I once sold my $2,500 worth of AMC stock that I bought for 1.90 a share at 18 bucks then it hit like 70 bucks a few weeks later. :(

Edwayne117 - 73 upvotes - source
If its a 2-1 split then u are actually losing money cause amc is currently sitting at $12 which would actually make it $24

Fuckface_Whisperer - 64 upvotes - source
> I am buying into the GME and BBBY thesis, but I just can't get behind AMC. I eat purple and red crayons, but the yellow ones just don't taste good to me.

Hal_E_Lujah - 48 upvotes - source
Surely most amc shareholders are still up and just curious what’s going to happen?