With New York cinemas outside of New York City allowed to reopen at limited capacity on Friday, Oct. 23, movie theater stocks rose on Monday as Wall Street debated the business implications of Gov.
Andrew Cuomo's weekend announcement. Movie theaters will have to limit audiences to 25 percent capacity up to 50 people per showing, but exhibitors saw the news as an important victory.
Sector stocks rose in early Monday trading, with AMC Theatres shares jumping 11.8 percent to $3.40 as of 9:35 a.m. ET, and Cinemark rising 6.6 percent to $8.38.
In London trading, meanwhile, Regal owner Cineworld's stock was up 4.8 percent at that time. AMC Theatres said Monday that "several AMC locations throughout New York state will resume operations beginning.
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