AMC Entertainment (AMC) saw its stock price plummet by 5.28% during Thursday's trading session, following a bearish analyst report from Citi. The significant drop comes as investors react to the maintained negative outlook and reduced price target for the cinema chain operator.

Citi analyst Jason Bazinet reaffirmed his Sell rating on AMC Entertainment, signaling continued pessimism about the company's prospects. Adding to the downward pressure, Citi also lowered its price target for AMC shares from $2.70 to $2.30, representing a substantial reduction in the stock's perceived value.

The combination of the maintained Sell rating and the lowered price target appears to have sparked a selloff among investors, leading to the sharp decline in AMC's stock price. This move suggests that market participants are aligning their expectations with the more conservative outlook presented by Citi's analysis, potentially reassessing the growth prospects and financial health of AMC Entertainment in the current market environment.