Why AMC Entertainment Stock Was Climbing Today
Shares of AMC Entertainment (NYSE: AMC) were moving higher after the world's largest movie theater operator released a plan for reopening theaters in the U.S. Investors applauded the news, sending the stock up 5.5% as of 10:40 a.m. EDT.
AMC, which is also the biggest theater chain in the U.S., said it would begin opening theaters on July 15 with about 450 locations, and then almost all of the remaining 150 getting back in business by July 24 in time for the release of Walt Disney's Mulan. Warner Brothers' Tenet will follow on July 31. More than half of AMC's approximately 1,000 theaters are in the U.S.
Image source: AMC Entertainment.
Source Fool.com
