AMC's Stock Slump: What's Behind the Drop Despite Box Office Wins?

AMC's stock is taking a hit, even though "Avatar: Fire and Ash" brought in big crowds. The movie made $483 million worldwide and drew over 4 million people to AMC theaters. That's the biggest pre-Christmas weekend for AMC since 2021. But investors aren't celebrating. They're worried about AMC's money troubles. AMC sold part of its stake in Hycroft Mining for $24. 1 million. The plan is to put that money back into theaters. But that didn't make investors happy. They're still concerned about AMC's financial health. The whole market is down a bit, and AMC is feeling that too. The stock is way below its average price over the last 20 and 100 days. It's also near its lowest point in a year. That's a sign that things are tough for AMC.Some technical indicators suggest the stock is oversold. That means it might bounce back if people start buying again. But for now, the trend is down. AMC's stock is trading at $1. 63, near its 52-week low of $1. 61. Investors are also watching key price levels. If the stock drops below $1. 63, it could keep falling. If it rises above $2. 00, that could signal a turnaround. Right now, though, the outlook is cautious. The stock market is unpredictable. AMC's stock is down, even with a hit movie. Investors are focused on the long term, and they're not convinced AMC can turn things around.