AMC Stock Will Survive This Late Summer Drought
The summer movie season that took off so strongly with Top Gun: Maverick has been drifting in recent weeks. The $65.4 million in U.S. ticket sales that theaters collected two weekends ago was their weakest result since late February.
However, this is not the end of AMC Entertainment Holdings' (NYSE: AMC) renaissance. It's just the way that summers typically wind down at the multiplex. With students in many parts of the country already back in school, Hollywood schedules a lull in its high-profile releases at this time of year. Stateside box office receipts improved to $78.9 million last weekend, but that was still the second-worst weekend for ticket sales in the last three months. AMC and many of its peers will be fine. They are just catching their breath.
Image source: Getty Images.
Source Fool.com
