AMC stock may get a lift as movie theater visits rebound
Yahoo Finance Live’s Brian Sozzi breaks down the chart of the day, indicating that movie theater visits are nearing pre-pandemic levels.
Video transcript
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BRIAN SOZZI: All right, there is maybe some relief in sight for beleaguered investors in movie theater stocks, such as AMC. Movie theater visits have begun to creep back up, as seen in our Chart of the Day from Apollo Global Chief Economist Torsten Slok. The rebound couldn't come quick enough for AMC. Shares are down about 60% in the past year.