Why AMC Stock Dropped Today

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Shares of AMC Entertainment (NYSE: AMC) fell 7% on Monday after Citi analyst Jason Bazinet issued a dire warning to the company’s investors.

Bazinet reiterated his sell rating on the theater operator’s shares on Tuesday. He sees AMC’s stock plunging to $2 per share. Bazinet’s price forecast thus represents potential losses for shareholders of roughly 85% from the stock’s current price near $13. 

Analysts at Citi think you should sell your AMC Entertainment shares. Image source: Getty Images.

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