The better-than-expected Christmas-weekend opening of Wonder Woman 1984 is giving most exhibition stocks a welcome boost as the misery of 2020 gives way to hope for a brighter 2021.Shares in Cinemark, Imax, Marcus Corp.
and National CineMedia are up between 4% and 7% apiece after the sequel took in $16.7 million domestically, the best bow by any film during the coronavirus pandemic.AMC, the world’s largest theater circuit, has hovered near the break-even point at $2.50 a share, while Regal Cinemas parent Cineworld mustered just a 1% gain on the London Stock Exchange.
In AMC’s case, investors continue to fear a potential end to the company’s liquidity or even a bankruptcy filing.Shares in the better-situated Cinemark, by contrast, are up 7%
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