Why AMC Entertainment Stock Is Soaring Today

Shares of AMC Entertainment Holdings (NYSE: AMC) were soaring in morning trading Wednesday after the movie theater chain announced it had hired an executive who previously served in PepsiCo's Frito-Lay division to fill the newly created position of vice president of growth strategy.

Ellen Copaken also served at Hostess Brands (NASDAQ: TWNK) and will be charged with helping to expand AMC's popcorn business. The movie theater stock was up 9.7% at 11:27 am ET on the news.

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Source Fool.com