3 Stocks Riding the Coattails of AMC

AMC Entertainment Holdings (NYSE: AMC) is flying high these days. Even after taking a step back this week the leading multiplex operator is a 25-bagger in 2021. AMC's pop is even more stunning when you consider that the share count has climbed from 104.3 million at the end of June last year to more than 500 million today. We're talking about a 60-bagger over the past year in terms of market cap. 

With AMC generating so much attention, it's only natural to look for beneficiaries of the expanding valuations in the multiplex space. Regal Cinema parent Cineworld Group (LSE: CINE) (OTC: CNWGY), IMAX (NYSE: IMAX), and National CineMedia (NASDAQ: NCMI) seem like investments that could piggyback on the success of AMC. They may lack the fandom and short squeeze potential of the country's top movie theater chain, but it's fair to say that if the market thinks AMC is worth 60 times more what it was fetching a year ago, these three names have the potential to climb higher.

Image source: Getty Images.

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Source Fool.com