What Happened?

Shares of theater company AMC Entertainment (NYSE: AMC) jumped 8.1% in the afternoon session after the company received a bullish upgrade from analysts at Wedbush. Analyst Alicia Reese of Wedbush upgraded AMC's stock to "outperform" from "neutral," citing a more consistent movie release schedule expected over the next several quarters. The firm also raised its price target on the stock to $4.00 from $3.00. Wedbush noted that AMC is well-positioned to gain market share in 2025 and 2026.

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What Is The Market Telling Us

AMC Entertainment’s shares are very volatile and have had 25 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

AMC Entertainment is down 17.1% since the beginning of the year, and at $3.33 per share, it is trading 39% below its 52-week high of $5.47 from July 2024. Investors who bought $1,000 worth of AMC Entertainment’s shares 5 years ago would now be looking at an investment worth $88.71.

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