Why AMC, Cinemark, and Live Nation Shares Are Glowing Green This Week
The entertainment industry continues to benefit from the reopened economy that's allowed people to enjoy experiences outside their homes. Movie theater owners AMC Entertainment Holdings (NYSE: AMC) and Cinemark Holdings (NYSE: CNK), along with concert promoter Live Nation Entertainment (NYSE: LYV), are all enjoying a higher valuation so far this week from last Friday's close, according to data from S&P Global Market Intelligence.
Both Cinemark and Live Nation are each up nearly 10% from last week, and though AMC's shares had been running higher, too, they tumbled 9% yesterday after it was reported CEO Adam Aron sold another $9 million worth of his holdings. The stock is now up just 1.6% this morning from last Friday.
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Source Fool.com
