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Benzinga

Business

Adam Eckert

Why AMC Entertainment Shares Are Rising Today

AMC AMC Entertainment Holdings Inc NYSE PepsiCo Inc

AMC Entertainment Holdings Inc (NYSE:AMC) is trading higher Wednesday after the company announced the hiring of a former PepsiCo Inc (NASDAQ:PEP) executive to oversee its popcorn business expansion.

Beginning Feb. 18, Ellen Copaken will join AMC as the vice president of growth strategy. AMC said Copaken will lead the implementation of growth ideas related to popcorn sales outside of AMC’s in-theater channel.

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