Movie Theater Stocks Rise After Record-Setting Thanksgiving Feast

Spurred by Moana 2‘s debut and strong carryover business for Gladiator II and Wicked, shares in AMC Entertainment, Cinemark, Imax, National CineMedia and Marcus Corp. rose between 1% and 5% on the day. Reading International, which owns specialty theaters including New York’s Angelika Film Center, jumped 12%, partly due to recent interest from potential takeover suitors. Canada’s Cineplex gained 5.5% on the Toronto Stock Exchange.

 

Source: https://deadline.com/2024/12/movie-theater-stocks-thanksgiving-box-office-moana-wicked-gladiator-1236191280/