Monday, June 22, 2026

AMC Theaters Stock Drops Like Rock Despite Taylor Swift Ticket Sales: Down $5 in 24 Hours

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It’s been a miserable 24 hours for AMC Entertainment.

Since yesterday at this time, the stock price has dropped 5 bucks to an all time low of $8.30.

On August 14th the price was $52.70. That day it dropped $18.

This is despite a booming summer with Barbenheimer– “Barbie” and “Oppenheimer.”

This is all despite their unique deal for Taylor Swift’s Eras Tour movie which is sold out and looks to make $100 million on its opening weekend.

The drop — to its lowest point ever — comes because AMC announced plans to sell up to 40 million common shares today. The company said it will use the proceeds in part to bolster liquidity and pay down debt.

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Roger Friedman
Roger Friedman
Roger Friedman is the founder and editor-in-chief of Showbiz411. He wrote the FOX411 column on FoxNews.com from 1999 to 2009, where he covered Michael Jackson, and previously wrote the "Intelligencer" column at New York magazine in the mid-1990s, where he covered the O.J. Simpson trial. He also edited Fame magazine. His bylines have appeared in The New York Times, The Washington Post, the New York Daily News, the New York Post, Vogue, Details, and the Miami Herald. He is a voting member of the Critics Choice Awards (Film and Television branches), and his movie reviews are tracked by Rotten Tomatoes. With D.A. Pennebaker and Chris Hegedus, he co-produced the 2002 documentary "Only the Strong Survive," which screened at Directors' Fortnight at the Cannes Film Festival.

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