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AMC’s Stock Surges 22% on New York Theaters Reopening

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Also Read: AMC Theatres Will Remain Open Amid Cineworld, Regal ShutdownOn Saturday, Cuomo said theaters in New York will be allowed to open at 25% capacity on October 23, with a maximum of 50 people per screening room. “There will be mandatory social distancing and other precautions,” Cuomo added, including mandatory mask-wearing and assigned seating.Monday’s rebound stands in stark contrast to where the company was just a week ago, when AMC said it could run out of cash by the end of 2021 — sending its stock price plunging.Cinemark, the parent company of Century Theaters and CineArt, also enjoyed a healthy jump on Monday morning, with its stock price increasing 10% to $8.66 per share..

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