In the year to date the stock is up over 500%. rose more than 3% to $14.03 in afternoon trading on Thursday. Shares of AMC Entertainment Holdings Inc. Riley Securities said in a recent client note that he continues “to see an attractive setup for an attendance and box office rebound into 2022 on an impressive, blockbuster-fueled film slate.” He increased the company’s price target to $7 from $5.50. theaters by month’s end means more people will have more locations to choose from if they want to see a film on the big screen.Īnalyst Eric Wold of B. While some movie theaters have opened over the past few months with limited capacity and enhanced safety protocols, the announcement by AMC - the nation’s largest movie chain - to open nearly all of its U.S. Movie theaters all over shuttered their doors a year ago as the coronavirus pandemic swept the globe. AMC previously opened more than 500 of its theaters elsewhere around the country. The Leawood, Kansas-based company is preparing to resume operations at the rest of its California locations once the proper local approvals are in place. California is expected to open 52 of its 54 locations by Monday. Even more theaters are expected to open by March 26.ĪMC said that more than 40 of its locations in California are reopening beginning on Friday. movie theaters open on Friday as a bunch of theaters reopen in California. It’s showtime! AMC Theatres says it will have 98% of its U.S.
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