Shares of AMC Entertainment Holdings Inc. were trading at record lows on Wednesday, after the company said it expects second-quarter earnings will be worse than previously expected.

The cinema chain's stock fell as much as 27% from Tuesday's close, trading at its lowest level since going public in 2013.

AMC AMC, +0.99%  said on Tuesday that not only would the company swing to a loss in the quarter, but that it would be wider than analysts surveyed by FactSet were expecting. AMC forecasts a loss of between $178.5 million and $174.5 million, while the FactSet consensus was for a loss of $8.0 million.

Shares of other cinema chain stocks spiraled downward intraday on Wednesday in sympathy with AMC. Shares of Imax Corp. IMAX, -7.94%  fell as much as 12%, while Cinemark Holdings Inc. CNK, -4.88%  fell 7%, Regal Entertainment Group RGC, -4.71%  fell nearly 6% and Marcus Corp. MCS, -3.44%  dropped more than 2%.