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.
- AMC Entertainment stock is facing resistance. Why is AMC stock trading lower?
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.
Image: Shutterstock
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