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Why AMC Stock Was Higher Today

TheMotleyFool

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Shares of AMC Entertainment Holdings (NYSE: AMC) were up 1.5% as of 9:42 a.m. EDT on Monday, after the largest theater chain in the U.S. reported a new pandemic-era record of 3.9 million moviegoers visiting its theaters over the weekend. The huge boost in attendance over the weekend came from the domestic release of Venom: Let There Be Carnage, and the release of the new James Bond film, No Time to Die, in overseas markets.

However, by 11:20 a.m. today, the stock had given up its earlier gains and was down 4.1%, as the broader market continued the previous month's sell-off.

Image source: Getty Images.

Source Fool.com

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