AMC stock up more than 5%, on pace for longest win streak in almost four weeks

Shares of AMC Entertainment Holdings Inc. $AMC Entertainment(AMC.US)$ are up 5.4% Monday, with the stock on pace to extend its win streak to three days, its longest since a five-day win streak that ended on Oct. 12. The movie-theater chain and meme-stock darling reports third-quarter results after market close Wednesday. Analysts surveyed by FactSet are looking for sales of $1.26 billion and a loss of 25 cents a share. AMC’s stock is down 68.6% in 2023, compared with the S&P 500 index’s $S&P 500 Index(.SPX.US)$ gain of 13.7%. Last week rival Cinemark Holdings Inc. $Cinemark(CNK.US)$ reported better-than-expected third-quarter results.