AMC's Stock Surges Following Cinemark's Strong Q3 Earnings
TL;DR Summary
Shares of AMC Entertainment Holdings rose after rival Cinemark Holdings reported better-than-expected third-quarter earnings. AMC's stock outperformed the S&P 500 index, while Cinemark's stock fell. Imax Corp. initially saw gains but ended the day down slightly. The movie-theater industry has benefited from the success of summer blockbusters, and other related companies, such as National CineMedia, also saw stock gains.
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