Why Cinemark Blasted Almost 9% Higher Today
This past weekend was a good one for cinema operators, but not for the reasons one might expect. As a result, Cinemark Holdings (NYSE: CNK) was a popular stock Monday, rising to end the day 8.6% higher.
The weekend's box-office champion for the second time in a row was the latest effort from Walt Disney's (NYSE: DIS) Marvel Studios, Shang-Chi. The superhero action film took in nearly $36 million domestically over the weekend -- well outpacing the $5.8 million of the No. 2, Free Guy -- pushing it over the $100 million mark in only its second week of release.
Image source: Getty Images.
Source Fool.com
