AMC Entertainment stock extended its impressive rally, approaching a key resistance level as investors cheered the continued recovery of the blockbuster movie industry. The shares climbed to a high of $3.02, their highest level since October 2025, and have surged more than 200% from their lowest point this year. The key question now is whether the rally still has room to run.
AMC Entertainment’s business is bouncing back
AMC, the biggest theatre group in the United States, is doing relatively well, helped by the recent movie releases. Top movies like Toy Story 5, Michael, Super Mario Galaxy, Spider-Man, and The Odyssey have made substantial sums of money.
Just this weekend, Spider-Man: Brand New Day, had the best opening, making over $927 million worldwide, with US sales hitting $355 million. This makes it one of the best-performing movies this year, helped by its brand, intellectual property, and the fear of missing out.
Millions of people are going to movie theatres this year, which shattered weekend records as over 10.2 million Americans visited. In a statement, Adam Aron, the CEO said:
“For AMC, this was a truly historic weekend. In welcoming more than 10.2 million moviegoers around the world, AMC established this weekend a new all-time Company weekend record for admissions revenue and a new all-time Company weekend record for food & beverage revenue.”
There are signs that this growth will continue this year as some big titles are coming up. Some of the top titles to watch will be Resident Evil, Mutiny, The End of Oak Street, Dune: Part Three, and The Hunger Games.
READ MORE: AMC shares pop 9% after Wedbush upgrades to outperform
The most recent results showed that the company’s business continued growing in the last quarter. Its results revealed that revenue jumped by 14.2% to $1.59 billion, higher than what analysts were expecting.
The company’s adjusted EBITDA jumped by 69.6% to $321 million. Most notably, analysts believe that the company has more growth to go, helped by the recent successes of key releases like The Odyssey and Spider-Man.
Wall Street expects the company to deliver solid growth this year. The consensus estimate from seven analysts is that third-quarter revenue will rise 8% year over year to $1.4 billion, while full-year revenue is projected to increase 13% to $5.5 billion.
AMC Entertainment has also continued to improve its balance sheet. It recently refinanced $400 million of its 12.75% Senior Secured Notes due 2027, extending the maturities by four years. As such, the hope is that it will not dilute investors again this year.
AMC stock technical analysis
AMC share price chart | Source: TradingView
The daily chart shows that the AMC share price has jumped from the year-to-date low of $0.9291 to past $3 today. It has now crossed the important resistance level of $2.95, its highest level on June 22, invalidating the double-top pattern.
Most importantly, it has formed a golden cross pattern as the 50-day and 200-day Exponential Moving Averages (EMA) crossed each other. These two averages made the crossover on June 28.
The Relative Strength Index (RSI) and the MACD have pointed upwards. Therefore, the stock will likely continue rising as bulls target the important resistance level of $3.61, its highest point in June last year.
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