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AMC Entertainment stock drops toward sixth-straight loss ahead of earnings report

Shares of AMC Entertainment Holdings Inc.
AMC,

-3.30%
sank 5.4% in afternoon trading Tuesday, putting them on track for a sixth straight loss, ahead of the movie theater operator’s first-quarter earnings report due out later this week. The company also announced Tuesday that it has rescheduled its annual shareholder meeting, which was supposed to be held on Tuesday, for July 29, to give its shareholders more time “to have their voices heard” and more time to vote. The stock has now tumbled 19.8% since the company disclosed after the April 27 closing bell plans to sell 43 million new shares to the public, and provided preliminary financial results. AMC is slated

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