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AMC Entertainment Holdings, Inc. plunged about 9 percent at one point on Thursday morning before bouncing up from the $20.91 level.
AMC has declined about 20 percent over the past five trading days as the Omicron COVID-19 variant spreads like wildfire, threatening stocks dependent on remaining open.
2021 in Retrospect
The theater chain’s stock brought much controversy during the 2021 trading year as retail traders, calling themselves “apes,” piled into the stock and sent AMC on two separate short squeezes toward the moon about six months apart, in January and June.
