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AMC Higher After Solid UK Box Office Weekend, China Investor Exit

Original:
AMC Entertainment (
AMC) - Get Report shares moved higher Monday after its British cinemas recorded their busiest week of ticket sales since the pandemic, offsetting the departure of a key investor in the world s biggest movie theatre chain.
Oden said it sold more than 300,000 tickets for the week beginning on May 17, and saw strong pre-sale demand for upcoming films including Cruella, Demon Slayer and The Conjuring. AMC s smaller rival, Cineworld, said its re-opening weekend in the U.K. topped forecasts thanks in part to the success of the animated comedy Peter Rabbit 2 .
AMC s U.S. prospects heading into the Memorial Day weekend are also looking brighter, with domestic coronavirus cases falling below the 13,000 mark and the lowest levels since March 2020 amid a vaccine rollout that has put shots in the arms of more than 287 million Americans. ....

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Why AMC Entertainment Stock Rose Monday

Author Bio
Howard grew up in Philadelphia watching the Philly sports teams struggle for championships. He has been investing since 1989 and been a Fool since 2001. Prior to joining The Fool as a contract writer in 2019, Howard worked in the steel business as an engineer for 28 years. When he isn’t writing, he is usually out for a run, or relaxing to the music of the Grateful Dead.
What happened
AMC Entertainment (NYSE:AMC) is getting a boost Monday after a big weekend movie release and news the company s former owner has virtually sold out of its holdings. At 10:50 a.m. EDT Monday, AMC shares were trading up 9.2%. ....

Adam Aron , Wanda Group , China Based Wanda Group , பண்படாமனித இயல்பு ஆரோன் , வாஂட குழு , சீனா அடிப்படையிலானது வாஂட குழு ,

Why AMC Entertainment Stock Rose Monday

Why AMC Entertainment Stock Rose Monday
fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.

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