AMC’s stock down 6%, on pace to snap three-day winning streak

Posted by By News Room 1 Min Read

Shares of AMC Entertainment Holdings Inc.
AMC,
-6.67%
are down 6.3% Tuesday, putting the stock on pace to snap a three-day winning streak and register its biggest single-day percentage decline since Oct. 31, when it fell 7.2%. The movie theater chain and meme stock darling reports third-quarter results after market close on Wednesday. Analysts surveyed by FactSet are looking for sales of $1.26 billion and a loss of 25 cents a share. AMC shares have fallen 71.4% in 2023, compared with the S&P 500 index’s
SPX,
+0.28%
gain of 14.1%.

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