AMC Entertainment (AMC), the renowned movie theater operator, saw its stock plummet 5.45% in a 24-hour period, marking a significant downturn for the embattled company. This sharp decline extends the stock's losing streak, which has now reached seven consecutive days, highlighting the ongoing challenges faced by the cinema industry.

The steep drop came after AMC shares had already shed 1.08% during Wednesday's regular trading session, closing at $2.75. This underperformance was notable as it occurred against the backdrop of a broadly positive day for the stock market, with major indices like the NASDAQ Composite and Dow Jones Industrial Average posting gains. The continued sell-off in after-hours trading exacerbated the day's losses, bringing the total decline to 5.45% over 24 hours.

Investors' concerns appear to be mounting as AMC's stock price now sits 76.85% below its 52-week high of $11.88, reached in May of the previous year. The company's financial outlook remains challenging, with analysts expecting a loss in the upcoming earnings report, albeit an improvement from the prior year. While AMC is anticipated to report revenue growth, the persistent negative earnings per share forecast suggests ongoing profitability issues. As the theater chain continues to grapple with changing consumer behaviors and the evolving landscape of the entertainment industry, market participants seem increasingly cautious about its near-term prospects, contributing to the stock's significant decline.