Chiefs Triumph in AFC Championship
In a thrilling AFC Championship game, the Kansas City Chiefs emerged victorious over the top-seeded Baltimore Ravens. This victory secures their place in Super Bowl LVIII, where they will face the San Francisco 49ers. The Chiefs’ upcoming appearance in the Super Bowl marks their fourth in just five years, a notable achievement for the team.
NBA MVP Breaks Record
The reigning NBA MVP made history recently by surpassing Wilt Chamberlain’s record of 68 points for the Philadelphia 76ers, a feat that had stood since 1967. This remarkable accomplishment by the MVP has been hailed by nba.com as a significant milestone in the sport.
Aron’s tweet regarding AMC’s share price decline also touched upon the enduring impact of the COVID-19 pandemic on the movie-theater industry. He described the situation as “painful,” highlighting the industry’s struggle to recover even four years after the onset of the pandemic. Aron expressed disappointment at AMC’s dwindling stock, which has fallen to $4.48.
AMC, once the darling of meme-stock investors, has seen its share price hit a series of record lows recently. This stands in stark contrast to the heady days of the meme-stock frenzy, when the stock reached an all-time high of $339.05 on June 2, 2021, according to Dow Jones Market Data. The company’s current market performance reflects the waning enthusiasm surrounding meme stocks.
In a report from Stocktwits, it is suggested that “worn-out” investors have contributed to AMC’s slide in stock value. As the company grapples with ongoing challenges in the movie-theater industry, these weary investors may be less inclined to hold onto their AMC shares.