AMC Soars. Movie Theater Stocks See Big Gains After a Big Box Office Weekend.
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The biggest winner is AMC Entertainment Holdings whose shares soared more than 20% following a record Memorial Day Weekend box office haul. AMC hit an intraday high of $4.05, up 25% for the day for its highest intraday price since early January. Kid-friendly Lilo & Stitch, along with Tom Cruise’s latest Mission: Impossible film, led domestic box office sales to $325 million over the long weekend from Friday through Monday, according to data from Box Office Mojo.
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