AMC shares fell Wednesday, reversing Tuesday's gains despite no company news. The drop follows a surge from record Memorial Day weekend box office results.

Key Takeaways Ticket and concession sales from Thursday through Monday set a record for the best Memorial Day weekend in AMC Entertainment history, the cinema chain said.The movie theater operator credited Lilo & Stitch and Mission: Impossible — The Final Reckoning with bringing in crowds.

The domestic box office tallied in an estimated $326 million in ticket sales over Memorial Day Weekend, the highest haul for the holiday period ever.