Shares of AMC Entertainment (NYSE: AMC) were rising 5.5% higher at 10:57 a.m. Wednesday on no company-specific news. It comes after Disney's latest entry in the Toy Story franchise -- Lightyear -- failed to live up to expectations. A Wall Street analyst also lowered his price target on the stock yesterday, saying rampant inflation and rising gas prices were altering consumer spending priorities.
AMC Entertainment (AMC) closed the most recent trading day at $12.50, moving -0.24% from the previous trading session.
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.