Amc stock price today faces resistance at $5

AMC stock price today faces resistance at $5.25 as market participants await CPI data tomorrow. Intraday charts suggest upward momentum slowing amid declining relative strength index readings. It's a predictable tragedy, but it's also not true. Box office receipts in the U.S. have moved higher in four of the last five years coming out of the pandemic. Year-to-date ticket sales are 4% higher than they were a year earlier. AMC stock has a lot of loyal fans who, despite the company's troubles, see a bright future for it. Their support has turned it into a meme stock . But I'm not convinced by their bullish views. The company's balance sheet is in rough shape with negative equity approaching $2 billion, and it has been years since it has operated in the black. I'm a movie lover, and I wish I could say differently, but consumer trends are not working in AMC's favor. In 2024, roughly 760 million movie tickets were sold in the U.S., down from 1.2 billion the year before the pandemic hit. That in turn was down from the late 1990s through the early 2000s, when 1.4 billion or more tickets were sold during most years. AMC stock price today opened around $5.15, showing early volatility as traders reacted to overnight market sentiment. Recent volume spikes suggest short-term momentum plays, but fundamental challenges in the cinema industry remain.