AMC Entertainment Holdings, Inc (NYSE:AMC) was trading slightly lower in the premarket on Thursday, after lagging the general markets on Wednesday, where a number of individual stocks surged following the Federal Reserve’s decision to raise interest rates by 0.5%.
Although the S&P 500 shot up 3%, AMC closed a modest 1.35% higher. The theater chain has been stuck in a tight sideways range between about $14.68 and 16.25 for the last six trading days, as the company approaches its quarterly earnings.
