Shares of AMC Entertainment (NYSE: AMC) rallied on Tuesday after the movie theater chain announced surprisingly strong Labor Day weekend box office results.
As of 3:30 p.m. EDT, AMC's stock price was up more than 6%.
Over 2 million people headed to AMC's U.S. theaters between Sept. 2 and Sept. 5, with an additional 800,000 moviegoers visiting its international locations. These results marked a record for Labor Day weekend sales. It also represented the first time AMC saw higher attendance -- compared with the same period in 2019 -- since the company closed its theaters during the early stages of the pandemic.
Source Fool.com