AMC's Stock Struggles Despite Box Office Boost

AMC's Stock Hits New Low

AMC's stock has reached a new low of $1.60 this week, surprising many as the company is performing well.

Box Office Success

The latest James Cameron movie, Avatar: Fire and Ash, has grossed $483 million worldwide. AMC experienced its best pre-Christmas weekend since 2021, with over 4 million attendees. The film brought in $88 million in the U.S. alone.

Smart Financial Moves

AMC has made strategic decisions, including selling most of its shares in Hycroft Mining for $24.1 million. This revenue will be reinvested into the company's core business.

Investor Concerns

Despite these positives, investors are worried. There are fears that AMC might need to sell more stock, which could further decrease its value.

Big Investor Interest

Some major investors see potential. Robert Citrone of Discovery Capital Management purchased 32.75 million shares, believing the stock is undervalued.

Current Stock Performance

The stock is currently down 1.19% at $1.655, marking its lowest point in a year.

Future Outlook

If the stock drops below $1.63, it could fall even further. However, it may find support around $2.00. For now, the future remains uncertain, with negative trends in the short, medium, and long term.