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Why AMC Entertainment Stock Is Going Nowhere Today

·2-min read
Why AMC Entertainment Stock Is Going Nowhere Today
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Shares of AMC Entertainment (NYSE: AMC) were essentially flat in morning trading Tuesday after a long holiday weekend that saw the Toy Story spinoff Lightyear largely bomb at the box office. The Disney (NYSE: DIS) film had been expected to bring in some $70 million to $85 million this weekend, with as much as $135 million worldwide, but instead was able to generate only $51 million stateside and $35 million more globally. After the meteoric takeoff of Top Gun: Maverick and Jurassic World: Dominion, AMC hoped a family friendly movie like Lightyear could bring in the kids over the holiday weekend and help keep the movie theater chain's momentum going.

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