August 31, 2023 at 9:19 AM EDT

Updated on

August 31, 2023 at 4:09 PM EDT

AMC Entertainment Holdings Inc. shares pared gains to end Thursday lower even after pop star Taylor Swift announced that her recent “Eras Tour” will screen in North American cinemas starting in October.

The stock shed 1.4% to end the regular session at $12.55. Shares jumped as much as 9.2% in intraday trading before reversing those gains. AMC stock is down 69% in 2023.

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