Why AMC Entertainment Is Soaring 17% Today
Shares of AMC Entertainment (NYSE: AMC) were soaring 17% higher in afternoon trading Friday, despite announcements that movies such as the premiere of the latest James Bond film No Time to Die have been delayed yet again, this time until October.
Although delaying films should have a negative impact since few moviegoers will come to the cinema without new titles, AMC is opening dozens of theaters this month that were previously forced to remain closed.
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Source Fool.com
