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.

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Source Fool.com