AMC Entertainment (NYSE: AMC) shares dipped over 8% on Wednesday as retail investors lock in gains from earlier this week. Read the box office details here.
AMC Entertainment Holdings Inc. (NYSE:AMC) shares are flashing red during Wednesday’s trading session. The movie theater operator’s stock is pulling back as retail traders consolidate wins following a major multi-day upward surge.
The theater chain’s stock dropped over 8% on Wednesday, primarily due to profit-taking after the equity notched a massive 40% rally earlier in the week.
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The Nasdaq is down 0.49% while the S&P 500 has shed 0.71%.
May Box Office Milestones
AMC Entertainment posted strong second-quarter earnings Monday, sending shares higher in early trading.
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