Why Cinemark Holdings Stock Popped 7% Today

Just one day after movie theater operator AMC Entertainment (NYSE: AMC) announced a grand reopening of its theaters scheduled for Aug. 20 (and another for Sept. 3), rival theater chain Cinemark Holdings (NYSE: CNK) announced a date of its own -- and gave itself a head start in attracting moviegoers.

Cinemark shares closed 7.3% higher Friday on the news.  

Image source: Getty Images.

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Source Fool.com