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AMC Entertainment Stock Pops On Global Opening Hopes

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deadline.com
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Jill Goldsmith AMC Entertainment stock jumped over 15% at open in a down market Wednesday at open after execs outlined global opening plans at a conference call late yesterday afternoon.

Share had popped by over 17% in premarket trade.It’s been a roller coaster – mostly down – for AMC shares since the coronavirus pandemic forced it to shutter theaters worldwide in mid-March.

The stock was under two bucks at one point but is changing hands at over $6 this morning as investors shrugged off a huge first-quarter loss swelled by non-cash writedowns.

Executives sounded upbeat about opening globally almost everywhere in July to roll out the summer’s first big post-COVID theatrical pic, Tenet.

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