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Why AMC Entertainment Shares Were Up 11.6% on Monday

Why AMC Entertainment Shares Were Up 11.6% on Monday

Shares of AMC Entertainment Holdings (NYSE: AMC) were up as much as 14.9% on Monday as more good news about COVID-19 vaccines came out. AstraZeneca was the latest company to release data showing that its COVID-19 vaccine is highly effective. Why is vaccine news driving a movie theater stock higher?