By Brian M. Reiser AMC stock rallied from a low of $5.21 to a close of $5.54, yesterday, which represented a gain of $0.13 or 2.40%. The stock price moved on a reasonably strong first weekend of box offices being back open.
Now, the weekend’s box office total gross was $6.6 million. That represents an increase of 232% over the previous weekend’s gross. This is a positive sign that movie theaters might still be a viable business.
However, this was by far the best weekend the movies have had since March. Back then, March 13-15 saw a gross of $53.7 million before movie theaters shut down …read more
