On July 21, AMC Entertainment declined 8.54% in regular trading to $2.265/share, pulling back from session highs after an initial earnings-driven surge. The stock had gapped sharply higher at the open following record Q2 results reported before the bell.

AMC posted adjusted EPS of $0.14, far exceeding the consensus estimate of a $0.06 loss. Revenue reached a record $1.60 billion versus the $1.50 billion expected, while adjusted EBITDA hit a record $321 million, up 70% year-over-year. Attendance rose nearly 14% and free cash flow reached $190 million. Additionally, Christopher Nolan's The Odyssey drew over 4.3 million global moviegoers to AMC theatres over the weekend.

Despite the strong results, the stock retreated from its intraday high of $2.48 as investors locked in gains. Trading volume surged to over 141 million shares, roughly 3.6 times the daily average. Wedbush raised its price target to $4 from $3 maintaining an Outperform rating, though the mean analyst target of $2.44 suggests limited near-term upside from current levels.

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