Shares of AMC Entertainment Holdings Inc.
AMC,
are down 6.3% Tuesday, putting the stock on pace to snap a three-day winning streak and register its biggest single-day percentage decline since Oct. 31, when it fell 7.2%. The movie theater chain and meme stock darling reports third-quarter results after market close on Wednesday. Analysts surveyed by FactSet are looking for sales of $1.26 billion and a loss of 25 cents a share. AMC shares have fallen 71.4% in 2023, compared with the S&P 500 index’s
SPX,
gain of 14.1%.
