Exhibition stocks, paced by Imax, are moving higher as investors react to explosive weekend box office in China and a belief that Stateside theaters may soon see a similar release of pent-up demand.Imax shares rose 6% to $19.81 in the early hours of trading.
AMC gained almost 3% to $5.78. Cinemark and leading in-theater ad firm National CineMedia each climbed more than 3%. Marcus Corp.
was up a fraction, while Reading International perked up 2%. On the London Stock Exchange, Regal parent CineWorld was up more than 1% in the final minutes of trading.While the Chinese New Year period is always a high point for box office in the region, the powerful opening of Detective Chinatown 3 sent shockwaves around the world.
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