AMC Stock Forecast: AMC Entertainment drops lower and erases previous gains from Disney partnership

NYSE:AMC fell by 4.89% during Tuesday’s trading session.
AMC could see some negative performance following Cineworld’s bankruptcy.
Meme stocks also cratered on Tuesday with one interesting exception.

Stocks Reporter FXStreet

NYSE:AMC sank lower on Tuesday alongside a CPI-induced, broader market sell off as investors predict a hawkish and aggressive rate hike later this month. Shares of AMC fell by 4.89% and closed the trading session at a price of $9.72. Stocks erased gains from the previous four sessions following a higher than expected CPI print from the month of August. The figure came in above Wall Street estimates as well as higher on a sequential basis from July. Overall, the Dow Jones lost 1,276 basis points, the S&P 500 dropped by 4.32%, and the NASDAQ tumbled by 5.16% during the session.

Stay up to speed with hot stocks' news!

AMC could continue to see some negative price action following the bankruptcy of the world’s second largest theater chain, Cineworld (LON:CINE). While CEO Adam Aron assured Apes that the company is nowhere near the financial situation that Cineworld is in, it certainly is not a positive turn of events for the industry. Interestingly, shares of Cineworld rose higher by 8.93% on Tuesday, although European markets were mostly closed by the time the damage was done to US markets.

AMC APE preferred stock price

Meme stocks were on the decline as the sector was unable to avoid the broader market sell off on Tuesday. Alongside AMD, shares of GameStop (NYSE:GME), APE (NYSE:APE), and Bed Bath and Beyond (NASDAQ:BBBY) were all below water for the session. One exception was AMC investment Hycroft Mining (NASDAQ:HYMC) which soared higher by 12.13% after reporting better than expected mining results including a higher quality of gold and silver than first expected.

Like this article? Help us with some feedback by answering this survey:

Premium

You have reached your limit of 3 free articles for this month.

Start your subscription and get access to all our original articles.

Subscribe to Premium Sign In

Author

Stocks Reporter

FXStreet

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.