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.
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Source Fool.com