AMC stock rallies 9% after theater-reopening plan in New York City


Shares of AMC Entertainment Holdings Inc.
rallied more than 9% in the extended session Monday after the movie-theater company said it would open all of its 13 theaters in New York City starting March 5, following the state’s decision to allow theaters to open with limited capacity. AMC is the largest movie-theater exhibitor in the city, the company said. AMC will enforce social distancing and automatic seat blocking, mandate masks, and has upgraded filtration systems, among other measures, it said. “Gov. Cuomo’s announcement that movie theaters can reopen in New York City in the first week of March is another important step towards restoring the health of the movie theatre industry and of our company,” Chief Executive Adam Aron said in a statement.


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