Motley Fool
Why AMC Stock Got Shot Down Today
In its first 10 days in theaters, Top Gun: Maverick has raked in an astounding $290 million haul and — at least initially — helped to lift shares of movie theater chain AMC Entertainment Holdings (NYSE: AMC) out of the dumps. Within mere hours of the fighter jet movie’s take-off, shares of AMC Entertainment blasted 18% higher, but it’s been all downhill since. Since that opening day lift, in fact, AMC stock has now given back all 18% of its first-day gains.
