Why AMC Entertainment Stock Was Moving Higher Today
Shares of AMC Entertainment Holdings (NYSE: AMC) were moving higher again today. Though there was no company-specific news, shares gained yesterday in response to a strong weekend at the box office, and that trend seems to have carried the stock higher for the second day in a row today. Additionally, the July retail sales report showed spending at restaurants and bars increased from June, even as overall retail sales fell while the delta variant spread across the country.
As of 12:48 p.m. EDT on Tuesday, the stock was up 3.7% after gaining as much as 8.7% earlier in the session.
Image source: AMC Entertainment.
Source Fool.com
