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Why AMC Entertainment Is Up 6% Today

Tiger Newspress2021-04-22

Better coronavirus data could be boosting confidence in the theater operator.

Shares of AMC Entertainment Holdings (NYSE:AMC) were rising 6.5% in morning trading Thursday on no news specific to the theater operator, though there was progress being made on the coronavirus front.

Rising or falling numbers of COVID-19 cases will impact AMC as it will determine whether people are ready to return to movie theaters in large numbers. Right now Godzilla vs. Kongfrom AT&T's Warner Bros. continues to dominate at the box office, with over $80 million generated so far, which isn't too bad considering theaters are operating at less than maximum capacity.

The Centers for Disease Control and Prevention says 40% of the U.S. population have received at least one dose of a vaccine and 26% are fully vaccinated. At the same time, the number of COVID-19 cases and the number of new cases continues on its downward trend.

Growing numbers of people who have been vaccinated coupled with falling rates of new cases bodes well for more state governments lifting lockdowns and mask mandates that prevent a return to normalcy.

To date, 13 states no longer require wearing masks in public. Florida Gov. Ron DeSantis told people if they've been vaccinated: "My view is, the vaccines are effective, you're immune. And so act immune."

Such policies and rhetoric could help encourage the public to return to their normal leisure time routines sooner, which could help attendance rise further at AMC theaters.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment78

  • XiaTian
    ·2021-04-26
    Time to get up 
    Reply
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  • lawgbk
    ·2021-04-25
    Comment pls
    Reply
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    • perfy
      yessss
      2021-04-26
      Reply
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  • DragonKC
    ·2021-04-24
    Buy with caution.  This stock is volatile. 
    Reply
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  • Oth
    ·2021-04-24
    Lol WSB?
    Reply
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  • Wallstrtbets
    ·2021-04-23
    Wall Street bet!
    Reply
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  • Kingggg
    ·2021-04-23
    ?
    Reply
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    • Fei2
      Up and then down again
      2021-04-23
      Reply
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  • Wallstrtbets
    ·2021-04-23
    Yes go up.
    Reply
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  • KW1
    ·2021-04-23
    Good news for AMC. Lets buy
    Reply
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    • LJYOng
      Need enough people for a squEZze
      2021-04-23
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  • DTRADES
    ·2021-04-23
    Why is it up?
    Reply
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    • l3enji
      pls reply to my reply
      2021-04-23
      Reply
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    • DTRADES
      ??
      2021-04-23
      Reply
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  • YG_TAN666
    ·2021-04-23
    [思考] 
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  • UTOtrader
    ·2021-04-23
    Entertainment channel
    Reply
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  • sleepy90
    ·2021-04-23
    Great
    Reply
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    • sleepy90
      Upz
      2021-04-25
      Reply
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    • sleepy90
      Comment
      2021-04-25
      Reply
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  • LibeQ
    ·2021-04-23
    Moon n back.....
    Reply
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  • SeanSak
    ·2021-04-23
    Bravo
    Reply
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  • Spaceman69
    ·2021-04-23
    like and comment please, thanks
    Reply
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  • 雨天不撑伞
    ·2021-04-23
    Nice
    Reply
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  • Jittertude
    ·2021-04-23
    good
    Reply
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  • JANICELSJ
    ·2021-04-23
    Seek for like and comment
    Reply
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  • Yamazaki月
    ·2021-04-23
    AMC to the moon!
    Reply
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  • A蔓妲
    ·2021-04-23
    Good
    Reply
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