AMC Entertainment(NYSE:AMC) stock is on the move Monday as investors react to two new catalysts for the movie theater company.
The first bit of news from AMC Entertainment is a strong performance over the last weekend. According toa press release from the company, it was the busiest weekend the movie theater chain has seen so far in 2022.
The company attributes this performance to a variety of films shown over the weekend:
Unlike previous busy weekends where the attendance was driven by a single title, AMC’s busiest weekend was driven by strong depth among summer blockbusters. In addition to THOR: LOVE AND THUNDER, AMC saw strong performances from MINIONS: THE RISE OF GRU, TOP GUN: MAVERICK, JURASSIC WORLD DOMINION, ELVIS, and THE BLACK PHONE.
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