You might think the conspiracy theories about dark pools and illegal shorts are for fringe speculators wearing popped jiffy pops for hats. You can hate the money-burning rate of AMC and its debt-heavy balance sheet. WeвЂ™m talking about three huge movies that draw three slightly different audiences. What is better than the one-two punch that AMC clocked in with 15% more in admissions revenue than the comparable pre-pandemic weekend in 2019? LetвЂ™s throw a third fist into the fight. Year to date it is still down 37% when stacked up against 2019 (and 41% below where it was at this point in 2018). The admission for the industry is down by nearly 30% till now for the quarter compared to the second quarter of 2019, even after the last three strong weekends. Right now it may not seem like that is enough. Immediately after the record setting Top Gun: Maverick. And abroad: 15% higher than the same weekend of 2019, pre-pandemic. AMCвЂ™s admissions ticket revenues in the US. So encouraging to report that AMC had another fabulous weekend due to the huge opening of Jurassic World Dominion. Top Gu n: Maverick Shattered Memorial Day holiday weekend records for the industry, and two weeks later Jurassic World: Dominion Given AMC the one-two punch it had been missing in its recovery. Give AMC a steady diet of superheroes and action flicks вЂ“ the kind of movies that are undeniably better in a tight theatrical setting вЂ“ and the casino receipts will roar like the MGM lion. People do not turn to indie films and many genres that they can easily stream from home.

There was a three-month gap between Spider-Man: No way home And The BatmanAnd then after two months earlier Doctor Strange in the Multiverse of Madness Brought back patrons in mass. The one thing that has kept AMCвЂ™s recovery to pre-pandemic levels from getting on track is the long gap between blockbusters. The box office leak is finally starting to become a gasp, and it is possible to finally create a legitimate bullish case for AMC entertainment stock even with its more than 500 million shares outstanding. The multiplex industry Is Starting to rotate the angle.

ItвЂ™s easy to want to see AMC fail if youвЂ™re looking into the outside, but itвЂ™s also time to put a cork in the damage. There has also been a lot of unsubstantiated hype, because inexperienced online traders touted unrealistic price targets based more on hope and noise than real fundamentals-driven financial analysis.

History is also unlikely to look good on the head-scratching investment in gold mining, an unnecessary distraction for a company that already has a lot on its hands in turning an industry. Its share count was exploded fivefold by the pandemic, as the countryвЂ™s largest multiplex operator sold a ton of new stock at low price to stay afloat. A lot of their stocks have fallen sharply, too.ДЄMC earned some of its downticks. The stock has shed 84% of its value, but itвЂ™s not as if AMC Bears have just the last laugh. ItвЂ™s been a year since the meme-stuck frenzy came to a head AMC Entertainment Holdings (AMC 3.83%) Hitting all-time highs in early June of last year.

Time to golf meme