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.