Why AMC Entertainment Stock Is Seeing Red Today
Shares of AMC Entertainment (NYSE: AMC) were giving up about 2.7% of their value in morning trading Wednesday, following their meteoric rise over the past few days on the weekend box office success of the new movie Spider-Man: No Way Home.
AMC stock gained 19% on Friday with the film's debut, then added another 2% on Monday and again on Tuesday. It was the largest opening for a film in the pandemic era and second on the all-time list behind Avengers: End Game in 2019.
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Source Fool.com
