👽 obsessed with the Markets 📈

$AMC has a 52 weeks low of $1.91  On Tuesday, AMC CEO Adam Aron said the company had managed to raise just over $200 million of the $750 million it needs to fund cash requirements through then end of this year. Aron's appearance on CNBC's Closing Bell comes the same day that his company's stock fell to a 52-week intraday low of $1.91 per share and closed at a record low of $1.98 per share. AMC has been crippled by covid 19 Pandemi  and its shares reflect investors' lack of confidence in the movie theater industry's immediate recovery. Shares of the company fell more than 70% in 2020. Movie theaters were forced to shutter in mid-March and spent more than six months last year closed to the public. AMC is operating around 400 of its nearly 600 theaters with limited seating capacity and shorter hours. Theaters in New York City and parts of California remain closed. The company is in the process of trying to renegotiate its rent payments with...