AMC Stock Rises as Summer Box Office Set to Test Theater Chain
AMC Entertainment shares jumped 9.5% to $1.73 Friday, their biggest gain of the week, with trading volume nearly doubling from the previous session. The company drew over 5 million moviegoers worldwide during Memorial Day weekend, helped by Disney’s The Mandalorian and Grogu, which led the U.S. box office with $102 million. AMC reported a first-quarter net loss of $117.1 million and $3.96 billion in debt.