Dade Hayes Finance EditorShares in AMC Entertainment jumped 9% Monday to close at $6.46, their highest level since late February, the point when COVID-19 started to decimate the global movie theater business.The leading exhibitor’s stock, which had plunged below $2 in April on mounting fears of bankruptcy, peaked at $6.84 during the trading day Monday.
Its closing price was the highest since it hit $6.51 on February 25.Shares in No. 3 U.S. exhibitor Cinemark gained more than 11% to close at $19.66.
The Marcus Corp., which operates a chain of theaters as well as hotels, finished at $18.97, up 7%. Both closing prices were the highest since mid-March.
Read more on deadline.com