AMC stock jump 2.5% premarket after company says October was best for ticket revenue since start of the pandemic

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AMC Entertainment Holdings Inc. shares AMC, +0.40% jumped 2.5% in premarket trade Monday, after the cinema operator said October admissions revenue was the highest since the start of the pandemic. The company didn’t offer hard numbers, but said domestic and international revenue was the highest since its theaters were closed early in 2020. “When the final tickets are counted for showtimes tonight, the domestic industry box office for October 2021 is estimated to come in considerably higher than that of any previous month since February of 2020. (The Covid-19 pandemic forced the closure of movie theatres across the United States in March of 2020.), the company said in a statement. It said it was making it because of repeated press enquiries. Shares of the meme stock have gained more than 1,500% in the year to date.

This article was originally published by Marketwatch.com. Read the original article here.

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