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Why AMC Stock Popped Today

TheMotleyFool

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Shares of movie theater chain AMC Entertainment Holdings (NYSE: AMC) climbed 3.4% through 3 p.m. EDT Monday after the state of New York announced it will soon increase allowed capacity in its movie theaters by 50%.

As Deadline.com reported this afternoon, New York's new COVID-19 safety guidelines will permit theaters to increase capacity from 25% (currently) to 33% (effective April 26), about a 50% increase.

Image source: Getty Images.

Source Fool.com

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