AMC Entertainment Holdings, Inc. (AMC) stock was recently downgraded by B. Riley analyst Eric Wold, citing drained-out box-office recovery in the post-pandemic era. The company operates 22 of the 50 highest-grossing theaters in the United States.
"Although consumer demand remains intact, in our opinion, the number of films released to theaters remains ~50% below pre-pandemic levels — which impacts both the cadence of moviegoing and the ability to catch trailers for upcoming films,” Wold said.
