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Barchart
Barchart
Will Ashworth

3 Reasons You Shouldn’t Get Excited By AMC Stock’s 22% Surge

AMC Entertainment (AMC) had its best day in five years on Monday, jumping more than 22% and ranking as the 27th-largest bullish price surprise yesterday with a standard deviation of 3.10.

The company announced that 25.5 million people attended its theaters last month, the highest May figure since 2019, before the pandemic. Approximately 16% of the monthly total came over the four-day Memorial Day long holiday weekend. The average daily attendance for the other 27 days was impressive at 788,888.

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