Are you ready for the ultimate comeback story? Well, look no further than AMC Entertainment and APE stock. With theaters finally reopening after months of closures due to the pandemic, investors are buzzing with excitement as APE stock soars to new heights. This is not just a win for the entertainment industry, but also a promising sign of recovery for the economy at large. Let’s dive into all the juicy details and see what this means for both movie lovers and investors alike.
- APE Stock Price Rises as AMC Entertainment Reopens Theaters
- Why AMC Entertainment Holdings, Inc. (APE) Stock is Rising
APE Stock Price Rises as AMC Entertainment Reopens Theaters
Shares of Ape Entertainment rose more than 5% on Thursday after AMC Entertainment reopened its theaters. The company said that it has already seen an increase in ticket sales and concession sales since the reopening. This comes as good news for Ape, as the company has been struggling recently due to decreased viewership and revenue from its cable channels.
Why AMC Entertainment Holdings, Inc. (APE) Stock is Rising
AMC Entertainment Holdings, Inc. (APE) stock is soaring as AMC Entertainment Reopens Theaters.
The company announced that it has re-opened all of its theaters for business and that show times for the first week will be as follows:
Thursday: 10:00 PM to 12:30 AM
Friday: 11:00 PM to 1:30 AM
Saturday: 10:00 PM to 1:00 AM
Sunday: 12:00 Noon to 2:30 PM
What This Means for APE Stockholders
Shares of American Express (NYSE: APE) soared this morning after AMC Entertainment Holdings announced that it has reopened its theaters. The news comes just days after the company agreed to be acquired by China’s Dalian Wanda Group for $2.6 billion.
This is a major win for AMC and its shareholders, as it signals that the company is still viable and able to compete against larger rivals like Regal Entertainment Group and Cinemark Holdings. It also gives customers another option when choosing where to go see a movie.
AMC is the largest operator of theaters in the United States, with 2,000 screens across 51 states. The company generated $4.8 billion in revenue last year, and analysts predict that it will make even more money in 2017 thanks to increased attendance at its theaters following the release of blockbuster films such as Star Wars: The Force Awakens and Batman v Superman: Dawn of Justice.
This news is sure to boost APE stock prices, which are up about 8% so far today.