AMC Stock Jumps After New York City Says Movie Theaters Can Reopen - Barron's

Feb 22, 2021

Movie theater stocks got a jolt of life late Monday after New York’s governor said chains in New York City could reopen next week with Covid-related restrictions.

AMC is going to reopen its 13 locations in the city on March 5.

While able to open locations across the country, AMC and other theater operators have not been permitted to operate in big cities like New York and Los Angeles because of public health restrictions.

Reopening New York City seems like a new chapter for theaters.

AMC shares also got caught up in a trading frenzy by retail investors egging each other on through a Reddit forum to trade stocks using the Robinhood app.

(IMAX) shares also jumped 5.6% on Monday to a new 52-week high, and inched up another 0.9% after the close

Movie theater stocks got a jolt of life late Monday after New York’s governor said chains in New York City could reopen next week with Covid-related restrictions