AMC warns it may be out of cash by year-end, stock plummets

AMC stock took a pummeling after the theater chain warned Oct. 13 it may run out of cash by the end of this year.

AMC shares fell to lows not seen since the early months of the coronavirus pandemic, closing at $3.54 a share, down 13% from AMC’s Oct. 12 closing price on the New York Stock Exchange.

Leawood, Kansas-based AMC Entertainment Holdings Inc. (NYSE: AMC) said in a filing with the Securities and Exchange Commission Oct. 13 that it has reopened 83% of its U.S. theaters, but attendance is…