Are You Sure You Want to Short AMC Entertainment Stock Right Now?
Find someone who looks at you the way AMC Entertainment Holdings (NYSE: AMC) CEO Adam Aron looks at box office receipts. The colorful helmsman of the country's leading multiplex operator woke up with cheerleader pompoms on Monday, tweeting that domestic ticket sales for the industry are coming off their best 14-day tally since February of last year.
We are approaching pre-pandemic audiences again. The $109.1 million in box office tallies over the weekend for the top 10 films is just 16% behind where it was for the same October weekend in 2019. Softening COVID-19 case counts are helping, but the real catalyst here is that Hollywood is ready to trust the local multiplex again.
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Source Fool.com
