AMC Sees 70% of Theaters Reopening This Weekend; Shares Soar

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AMC Sees 70% of Theaters Reopening This Weekend; Shares Soar

By Yasin Ebrahim

Invesing.com - AMC Entertainment surged in after-hours trade Tuesday after the company said 70% of its U.S. theaters would resume operations this weekend. 

AMC Entertainment (NYSE: AMC ) jumped 12% in post-market trade.

The bulk of reopenings are slated for Thursday, with seven theaters expected to open in and around San Diego on Friday, the company said.

"The first two weekends of operations have exceeded our expectations in terms of guests returning to the movies," said CEO Adam Aron. 

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