{"id":72658,"date":"2023-10-14T17:19:14","date_gmt":"2023-10-14T21:19:14","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/amcs-stock-slides-more-than-13-despite-taylor-swift-concert-film-opening\/"},"modified":"2023-10-14T17:19:17","modified_gmt":"2023-10-14T21:19:17","slug":"amcs-stock-slides-more-than-13-despite-taylor-swift-concert-film-opening","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=72658","title":{"rendered":"AMC\u2019s stock slides more than 13% despite Taylor Swift concert film opening"},"content":{"rendered":"
\n

Shares of AMC Entertainment Holdings Inc. are down 13.8% despite the eagerly anticipated opening of\u00a0\u00a0the \u201cTaylor Swift: The Eras Tour\u201d\u00a0concert film.<\/p>\n

The stock is set to snap\u00a0a\u00a0five-day winning streak and register its biggest single-day percentage decline since Sept. 6, when it fell 36.8%.<\/p>\n

Related:<\/strong>\u00a0AMC stock extends winning streak to 5 days, boosted by Taylor Swift concert movie<\/p>\n

\n

AMC
\n AMC,
\n -13.64%<\/bg-quote>,<\/span>
\n which is showing the movie in its theaters and is also the theatrical distributor, recently announced that the film had shattered the company\u2019s record for single-day advance ticket sales, with $26 million in ticket-sales revenue on Aug. 31.\u00a0Shares of AMC\u00a0surged\u00a0last week after the company announced that \u201cTaylor Swift: The Eras Tour\u201d\u00a0had brought in more than $100 million in global advance ticket-sales revenue.<\/p>\n

Shares of movie-theater chain and meme-stock darling AMC have fallen 73.6% in 2023, compared with the S&P 500\u2019s
\n SPX
\n gain of 12.7%.<\/p>\n

Now read: <\/strong>AMC CEO Adam Aron says he was targeted in a blackmail attempt<\/p>\n

Rival Cinemark Holdings Inc.
\n CNK,
\n -5.35%<\/bg-quote>
\n has also clinched a deal with AMC to show the Taylor Swift concert film. Cinemark\u2019s stock is down 5.3% Friday.<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of AMC Entertainment Holdings Inc. are down 13.8% despite the eagerly anticipated opening of\u00a0\u00a0the \u201cTaylor Swift: The Eras Tour\u201d\u00a0concert film. The stock is set to snap\u00a0a\u00a0five-day winning streak and register its biggest single-day percentage decline since Sept. 6, when it fell 36.8%. Related:\u00a0AMC stock extends winning streak to 5 days, boosted by Taylor Swift […]<\/p>\n","protected":false},"author":1,"featured_media":72659,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-72658","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nAMC\u2019s stock slides more than 13% despite Taylor Swift concert film opening | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Shares of AMC Entertainment Holdings Inc. are down 13.8% despite the eagerly anticipated opening of\u00a0\u00a0the \u201cTaylor Swift: The Eras Tour\u201d\u00a0concert film. 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