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AMC Entertainment Shares Soar Monday: What’s Going On? – AMC Enter Hldgs (NYSE:AMC)
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AMC Entertainment Shares Soar Monday: What’s Going On? – AMC Enter Hldgs (NYSE:AMC)

AMC Entertainment Holdings Inc AMC shares are trading higher. The company announced Monday that it posted its highest-ever domestic sales during the pre-Thanksgiving weekend.

What happened: AMC announced that it saw the highest domestic sales in the company’s history this weekend, including admissions, food and beverages. The pre-Thanksgiving weekend marked the highest domestic admission revenue since 2019 and the third highest domestic admission revenue in AMC history.

AMC welcomed 4.6 million moviegoers to all of its theaters in the U.S. and internationally from Thursday through Sunday. AMC said the attendance numbers were driven by strong opening weekends of “Wicked” and “Gladiator II.”

“The result of last weekend is yet another demonstration that moviegoers want to see these films on the biggest screens, with the biggest sounds, and that the theater exhibit is ready and able to support multiple blockbuster titles opening on the same weekend ”, said Adam Aronchairman and CEO of AMC Entertainment.

AMC noted that its merchandise program for “Wicked” was well received and collectibles sold out about halfway through the weekend. The company also announced that select AMC locations will offer ‘Wicked Singalong’ showtimes starting in late December.

AMC noted that it expects to remain busy leading up to the Thanksgiving holiday weekend with the highly anticipated release of “Moana 2” scheduled for Wednesday.

Don’t Miss: ‘Wicked,’ ‘Gladiator II’ and ‘Moana 2’ Could Break the Thanksgiving Weekend Box Office: Stocks to Watch

AMC Price Promotion: According to Benzinga Pro, AMC shares were up 4.95% to $4.77 at the time of publication.

Photo: Paul Sableman from Flickr.

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