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Why AMC Stock Jumped Today

TheMotleyFool

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Shares of AMC Entertainment (NYSE: AMC) climbed by 7.6% on Monday after the company announced solid weekend traffic figures for its movie theaters.

AMC said more than 2 million people watched movies at its U.S. theaters between June 24 and June 27, with an additional 500,000 moviegoers visiting its international locations. AMC credited the strong results to interest in the latest installment of the popular Fast & Furious franchise, F9: The Fast Saga, which generated roughly $70 million in ticket sales over the weekend.

Movie fans are returning to theaters. Image source: Getty Images.

Source Fool.com

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