Cinema crowds bring AMC’s stock back to life

Theaters reported 25. 5 million ticket sales in May, the best May attendance since 2019. The weekend rush—over 4. 2 million seats filled—was partly powered by “Backrooms, ” a film that cracked $81 million at the U. S. box office in its first weekend. It now stands as the sixth new release in the last ten weeks to open above $75 million. Behind the headlines, AMC’s stock is climbing on high volume, but the journey hasn’t been smooth. The shares now sit above their short- and medium-term moving averages, up 36 % from the 20-day line and nearly 48 % above the 100-day mark. Yet the longer view is less rosy: AMC is still down over 41 % over the past twelve months, so any celebration might be premature.The technical picture shows mixed signals. The quick-moving average is above the slower one, a short-term green light. The bigger trend stays negative until the mid-line crosses back above the long-term average. The MACD line is also rising above its own signal, hinting that buyers are momentarily stronger than sellers. Traders are now watching two price zones. The $2 level has become a psychological magnet; if AMC can stay above $1. 95, the recent bounce gains strength. But if it slips back, the stock could revisit its March lows. The next big test comes at $2. 50, where many analysts expect selling pressure to reappear.