Market Recap 5/28/2025: Shares of AMC Entertainment (AMC) fell nearly 14% on Wednesday following a surge to $4.04 on Tuesday after the Memorial Day weekend.
AMC Entertainment Holdings, Inc. (AMC) saw its stock price plummet by 13.72% on May 28, 2025, with shares trading around $3.46, down from a closing price of $4.01 the previous day.
This sharp decline follows a recent surge where AMC gained 23% on May 27, driven by high trading volume and positive fundamentals, such as record-breaking Memorial Day weekend box office revenue.
However, the drop aligns with broader market dynamics and algorithmic trading patterns, with some X users pointing to short-selling pressure and profit-taking after the prior day’s rally.
The stock’s volatility remains tied to its meme stock status, with sentiment on X reflecting both frustration and optimism.
Community Sentiment on X
The X community has been actively discussing AMC’s price action:
- @simulationchess noted a 10% drop, sarcastically highlighting AMC’s record Memorial Day box office performance and persistent short interest, suggesting defiance against short sellers.
- @RobertM59744294 attributed the drop to algorithmic trading, predicting a potential “W” pattern with a rebound to $3.80 and possibly $4, aimed at shaking out day traders.
- @hedgereaper3 emphasized that despite 60% of trading volume occurring off-exchange, AMC’s prior spike indicates potential for further upward movement, with 45,364 in-the-money calls and a max pain level of $3.00.
- @usjames0826 shared a daily summary, noting a 23.77% gain on May 27 with significant short volume (56.77% of reported short), suggesting ongoing short pressure contributing to volatility.
- @stuckonstocks referenced technical analysis, predicting a breakout at $8.66 in the coming days, with a target of $39.00 based on Fibonacci levels.
- @simulationchess described the 5% after-hours drop on May 27 as “crime” rather than a natural retrace, maintaining a bullish outlook for the summer.
- @Eric24Broncos complained about media underreporting AMC’s 22% gain on May 27, alleging bias to suppress positive sentiment.
- @StockPlaying260 observed premarket testing at $4.04 with bullish MACD crossover and RSI near 70, questioning whether buyers or profit-takers would dominate.
The X community reflects a mix of technical optimism, frustration with the likelihood of market manipulation, and confidence in AMC’s fundamentals, though posts often contain speculative claims that should be approached cautiously.
The stock’s volatility is likely to persist amid ongoing meme stock fervor and external pressures like short-selling.
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