AMC Entertainment Holdings Inc (NYSE:AMC) shares are down on Wednesday as the stock struggles to maintain momentum following recent box office successes. The decline comes as broader markets are experiencing mixed performance, with the S&P 500 falling 0.94% and the Nasdaq-100 dropping 1.64%, adding pressure to AMC’s shares. Here’s what investors need to know.

The Surprising Surge In Holiday Attendance

AMC’s stock has been volatile, recently hitting an all-time low before bouncing back, particularly following the release of Avatar: Fire and Ash, which grossed $483 million worldwide.

Despite reporting its strongest pre-Christmas weekend since 2021, attracting over 4 million guests and generating $88 million domestically, Wall Street remains cautious due to long-term balance sheet concerns, especially fears of dilution from a new note agreement allowing for up to $150 million in stock offerings starting in February 2026.

Notably, billionaire Robert Citrone of Discovery Capital Management has taken a contrarian stance, acquiring approximately 32.75 million shares, betting on the stock’s undervaluation relative to its box office recovery.

Is AMC Stock Primed For A Rebound?

The stock is currently trading 6.3% below its 20-day SMA and 36.2% below its 100-day SMA, indicating a bearish trend. Shares have decreased by 51.70% over the past 12 months and are currently positioned closer to their 52-week lows than highs.

The RSI is at 38.73, which is considered neutral territory, while MACD is above its signal line, indicating a bullish signal. The combination of neutral RSI and bullish MACD suggests mixed momentum.

  • Key Resistance: $2.00
  • Key Support: $1.50

AMC Earnings Expectations

Investors are looking ahead to the next earnings report on Feb. 24.

  • EPS Estimate: Loss of 5 cents (Up from a loss of 18 cents YoY)
  • Revenue Estimate: $1.38 billion (Up from $1.31 billion YoY)

AMC Shares Slip

AMC Price Action: AMC Entertainment shares were down 3.11% at $1.56 at the time of publication on Wednesday, according to Benzinga Pro data.

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