AMC Entertainment Stock Rises Monday: What’s Happening? – AMC Enter Hldgs (NYSE:AMC)

AMC Entertainment Holdings Inc AMC shares are trading higher. The company announced Monday that it saw its highest domestic sales ever during the pre-Thanksgiving weekend.

What happened: AMC announced that it saw its highest domestic revenue, including admission, food and beverage, in company history over the weekend. The weekend before Thanksgiving was the highest domestic gross since 2019 and the third highest domestic gross in AMC history.

AMC welcomed 4.6 million moviegoers across all of its theaters in the United States and internationally from Thursday through Sunday. AMC said the attendance strength was driven by strong opening weekends from “Wicked” and “Gladiator II.”

“This weekend’s result is yet another demonstration that moviegoers want to see these movies on the biggest screens, with the biggest sounds, and that the theater lineup is ready and able to support multiple blockbuster titles opening the same weekend,” said Adam AaronChairman and CEO of AMC Entertainment.

AMC noted that their merchandise program for “Wicked” was well received, with collectibles selling out about halfway through the weekend. The company also announced that select AMC locations will offer “Wicked Singalong” showtimes starting in late December.

AMC noted that it expects to remain busy heading into the Thanksgiving holiday weekend with the highly anticipated “Moana 2” release set for Wednesday.

Don’t Miss: ‘Wicked,’ ‘Gladiator II,’ ‘Moana 2’ Could Break Thanksgiving Weekend Box Office: Stocks to Watch

AMC Price Action: AMC shares had risen 4.95% to $4.77 at the time of publication, according to Benzinga Pro.

Photo: Paul Sableman from Flickr.