Why AMC Entertainment Is Rising Today
Shares of AMC Entertainment Holdings (NYSE: AMC) were rising 7% in late afternoon trading Monday after the movie Free Guy did better than expected at the box office over the weekend.
Because the Walt Disney (NYSE: DIS) movie was not available on its Disney+ streaming service, the strong showing indicated there was still demand among moviegoers for films, which could be a harbinger of good tidings for the industry.
Image source: AMC Entertainment.
Source Fool.com