3 Reasons AMC Stock Will Remain in a Flat Spin, Even as "Top Gun" Flies High
As the country's largest theater chain, AMC Entertainment Holdings (NYSE: AMC) will likely experience a huge revenue boost from the release of Top Gun: Maverick. According to Paramount, the movie grossed $300 million globally during its opening weekend.
However, the theater industry reeled from months of lockdowns, and the industry's suffering continues. This likely means the success of one blockbuster movie will not rescue AMC as the movie falls short of addressing three key issues with both the company and the entertainment stock.
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Source Fool.com