Shares of AMC Entertainment Holdings Inc. Cl A AMC, -3.62% shed 3.62% to $6.12 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA, +0.12% rising 0.12% to 29,239.19 and the NASDAQ Composite Index COMP, -1.10% falling 1.10% to 10,426.19. This was the stock’s fifth consecutive day of losses. AMC Entertainment Holdings Inc. Cl A closed $22.11 short of its 52-week high ($28.23), which the company reached on November 8th.
Trading volume (22.2 M) remained 20.8 million below its 50-day average volume of 42.9 M.
The founder of ARK Investment Management wrote an open letter to the Fed sharing her logic against aggressive rate hikes on Monday. Others have expressed similar views.
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