Movie theater stocks are continuing their rally from last week, further buoyed by surging box office numbers thanks to “A Quiet Place — Part II” and “Cruella.”
The biggest winner is AMC, which continues to see its stock surge both from stronger turnout at its theaters and support from traders on Reddit and Twitter. The stock is rapidly approaching its highest price since 2016, finishing up 23% on Tuesday at $32.04/share. That is a 135% increase in just one week, having previously stood at $13.61 last Tuesday.
Other theater stocks have seen more modest movement but are still trending upwards.
AMC Among Cinema Stocks Seeing Post-Memorial Day Bump
“A Quiet Place — Part II” and “Cruella” are raising hopes for a faster recovery for movie theaters
