AMC Entertainment shares fell sharply during Thursday’s session as movie theater stocks sold off, with reports placing AMC’s decline at either 8.50% to $2.75 or 9% to $2.73 at different points. IMAX fell 4% to $52.61 and Cinemark Holdings dropped 3% to $36.28, while the SPDR S&P 500 ETF Trust was practically unchanged at $762.34, indicating that selling was concentrated in the cinema sector. No verified AMC announcement was cited as a trigger; sector positioning and a reversal of the recovery trade were identified as the clearest explanations. AMC’s Q2 2026 results had supported that recovery narrative, with attendance up 13.5% year over year and adjusted EBITDA up 69.6%. U.S. bond selling also resumed, with the 10-year Treasury yield rising for a fourth consecutive session to 5.33%, its highest level since early 2002. AMC launched birthday-party bookings at approximately 300 locations with savings of up to 25% on private theater rentals. Despite the decline, its shares remained above the 20-day, 50-day, 100-day and 200-day simple moving averages, while an RSI reading of 51.27 indicated neutral momentum.