Geometry Dash APK Hill Climb Racing APK
64.5 F
New York
Monday, May 23, 2022

AMC Entertainment Holdings Inc (NYSE:AMC) Stock Jumps Again: Will it Sustain?

Must read

Asia Broadband Inc (OTCMKTS:AABB) Is Up 1100% This year: What’s The Buzz?

There are some stocks that have managed to clock massive over the course of the past month or so and one of...

Blockchain Technologies Ltd (OTCMKTS:HVBTF) Makes A Stunning Move on Blockchain Optimism

The cryptocurrency boom has sustained for many months now and it anything; it is expected to continue in the future.

Bombardier, Inc. (OTCMKTS:BDRBF) Continues to Gain Momentum and Strength

Many stocks have managed to record significant gains in recent months and one that often flies under the radar is Bombardier,...

Grayscale Bitcoin Trust (Btc) (GBTC) Makes Big Move As Bitcoin Goes Wild

Bitcoin, the world’s biggest cryptocurrency by market cap, has been in the middle of a remarkable rally for the past few months...

The coronavirus pandemic has crippled a wide range of industries and one of those hardest hit was the movie theater industry. Most companies involved in the industry have suffered due to the closure of theaters and in that regard, AMC Entertainment Holdings Inc (NYSE:AMC) has been no exception. However, things seem to turning around bit by bit for the theater giant.

Major Triggers

AMC restarted operations at nearly 100 of its multiplexes over the course of last weekend after a shutdown that had lasted for as many as 5 months. Naturally, the stock also rallied and since Friday, it has recorded gains of as much as 20% so far.

That being said, it is also worth mentioning that the reopening of AMC’s theatres, and also that of many of its peers did not particularly result in huge turnouts. Actually, fewer than a million people went back to the theatres over the course of the last weekend.

On the other hand, there is an expectation that footfalls will get better in the coming weeks as highly anticipated films start hitting the theatres. The fear of the coronavirus pandemic is not the only factor that might be a challenge for multiplex operators.

Premium streaming entertainment has grown rapidly over the past five months and it has become clear that people can pay $20 to watch a film from home if they want to. It is a good deal for the studios as well. Hence, that will be a challenge for AMC. It is expected that AMC is going to record better footfalls this weekend since it is going to open more screens and highly anticipated films hit the screens.

That being said, it should be noted that not many films are in the pipeline from studios at the moment and hence, AMC might need to stick to showing old classics. In such a situation, it is hard to see how the company is going to go back to previous levels of ticket sales. Sign up below for updates on AMC and other breakout stock alerts.

Latest article

Trans Global Group Inc (OTCMKTS:TGGI) Stock In Focus After Operational Updates

The Trans Global Group Inc (OTCMKTS:TGGI) stock may not have been in the news today yet but it...

Why Hycroft Mining (NASDAQ:HYMC) Stock Shot Up 700%

If you are on the hunt for stocks that may have made major gains over the course of the past week, then...

Secure Paymentz releases banking software demo on Github

This is a paid announcement from one of our advertising partners. How to Leverage Your Trading Position by Secure...

Advanced Asset Management Announces New Website Launch

This is a paid announcement from one of our advertising partners. Financial Planner in Grandville, Michigan

88 Energy Ltd (OTCMKTS:EEENF) Stock In Focus After Recent News

Every day plenty of investors look for stocks to invest in from the oil and gas sector. It is a vast industry...
Şehirler arası nakliyat ve Şehirler arası taşımacılık konusunda en uygun fiyatlar ve en kaliteli hizmet.
ofis taşıma firmaları ve ofis taşıma konusunda en uygun fiyatlar ve en kaliteli hizmet. Affordable best sms verification service