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AMC Entertainment, Exhibition Stocks Jump As Covid Vaccine Gets Full FDA Approval

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deadline.com
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Shares of AMC Entertainment led exhibition stocks higher Monday after the FDA granted a long-awaited full approval for the Pfizer Covid-19 vaccine.The hope is that the move – valid for those age 16 and up — will chip away at vaccine hesitancy, which has stalled the U.S.

rollout of shots, and make it easier for schools and other organizations and employers to mandate it. The more vaxxed the population, the more likely it is to fee at ease with indoor entertainment including movies.

Cinemas are struggling to bounce back from Covid.Retail traders’ favorite meme stock, AMC Entertainment was up more than 8% in afternoon trade, so was Cinemark.

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