AMC, the world’s largest movie theater chain, said it will open nearly all of its US locations starting Friday, marking a significant milestone for the …
AMC, the world’s largest movie theater chain, said it will open nearly all of its US locations starting Friday, marking a significant milestone for the company that narrowly avoided bankruptcy amid the pandemic. Shares of AMC rose nearly 6 percent to $14.35 in early Thursday trading on the news. AMC’s shares have surged more than sixfold this year during the “Reddit Rally” that has also boosted shares of previously down-and-out names including GameStop. AMC said it would open 98 percent of its US theaters by Friday and that by March 26, 99 percent of its doors would be open.
