No, it wasn't pulled from theaters:
"The modestly budgeted little comedy opened in 1983 the week before Thanksgiving on fewer than 900 screens. The film took in about $2 million its first weekend and double that Thanksgiving weekend – solid business for the time. The movie was getting strong word-of-mouth support. But, MGM hadn’t counted on the movie receiving much success and did not schedule distribution to more than the opening screens for the lead up to Christmas."
That's not being pulled from theaters. If anything, it was simply poor planning on the part of MGM. Had more prints been made, it likely would have been in theaters much longer. It's not like today where a theater can literally add more showings by putting a movie selling out into other theaters. In 1983, you had films sent to theater. You couldn't just reproduce film at the drop of a dime. There also wasn't film tracking ahead of a movie's release from online activity and pre-sales to give indication as to how much a movie was on pace to make upon release.
Here is an example of a movie that was pulled from theaters:
On November 10, 2015, just over two weeks after release, Universal removed Jem from theaters entirely, after grossing $2.2 million. Jason Guerrasio of Business Insider described the pull from theaters as "unheard of move for a movie that was in theaters nationwide."
BIG difference. Studios don't just pull movies from theaters due to low box office.