AMC's Stock Struggles Despite Box Office Boost

AMC's stock is in a slump, hitting a new low of $1. 60 this week. This drop is surprising because the company is doing well. The latest James Cameron movie, Avatar: Fire and Ash, has brought in $483 million worldwide. AMC had its best pre-Christmas weekend since 2021, with over 4 million people watching the movie. This brought in $88 million in the U. S. alone. AMC is also making smart moves. They sold most of their shares in Hycroft Mining for $24. 1 million. This money will go back into their main business. But investors are worried about the future. They fear the company might need to sell more stock, which could lower its value.Despite these worries, some big investors see potential. Robert Citrone of Discovery Capital Management bought 32. 75 million shares. He believes the stock is undervalued. However, the stock is still struggling. It is down 1. 19% at $1. 655. The stock is at its lowest point in a year. If the stock drops below $1. 63, it could fall even more. On the other hand, it might find support around $2. 00. But for now, the future is uncertain. The stock is showing negative trends in the short, medium, and long term.