AMC Entertainment Holdings, Inc. (NYSE:AMC) stock traded higher on Monday following an announcement of record-setting weekend revenue.
More than 10.2 million moviegoers attended AMC Theatres in the U.S. and ODEON Cinemas internationally from Wednesday through Sunday. The period marked AMC’s highest-attended weekend of the decade globally and third highest-attended weekend in company history.
Box Office Performance
AMC generated its highest single-weekend total revenue ever, driven by the debut of “Spider-Man: Brand New Day.” The film opened to a media-reported $355 million domestic and $927 million globally. Combined with “The Odyssey,” the title helped drive the highest-grossing weekend at the domestic box office in industry history based on admissions revenue.
Daily Revenue Records
AMC delivered record domestic Thursday, Friday, Saturday, and Sunday admission revenues. Premium formats set records, with AMC delivering its highest-grossing Dolby Cinema weekend ever. Food and beverage revenue set an all-time weekend record, topping the previous high from “Avengers: Endgamw” in 2019.
AMC Chairman and CEO Adam Aron stated, “Our sincerest congratulations to director Destin Daniel Cretton, the entire cast and crew, and our friends at Sony Pictures and Marvel Studios on this extraordinary opening weekend for Spider-Man: Brand New Day.”
AMC, IMAX, and Universal Pictures extended IMAX 70mm engagements for “The Odyssey” into September.
AMC Stock: Key Technical Levels To Watch
AMC is trading well above its major trend gauges, which is usually what you want to see if a rebound is trying to turn into something more durable. At $2.99, the stock is 34.8% above its 20-day SMA ($2.20) and 65.4% above its 200-day SMA ($1.80), showing price has moved back into “trend-up” territory rather than chopping below long-term resistance.
The moving-average structure also leans constructive: the 20-day SMA is above the 50-day SMA, and the 50-day SMA is above the 200-day SMA (a golden cross that occurred in July). That combination often attracts trend-following buyers, but it can also raise the bar for follow-through—pullbacks tend to get watched closely for whether they hold above the faster averages.
AMC Price Action: AMC Entertainment Hldgs shares were trading at $2.96 at the time of publication on Monday, according to Benzinga Pro data.
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