AMC Entertainment Holdings (AMC) stock closed up 33% at $5.85 on Monday – the first trading day after the blockbuster opening weekends of “Barbie” and “Oppenheimer” and a ruling against the movie theater chain’s board on stock conversion.
“Barbie’s” opening weekend brought in $162 million domestically, the largest opening weekend domestic box office for a female-directed film ever. “Oppenheimer” brought in $82 million this weekend, according to The Hollywood Reporter.
The surge is the latest peak on a rollercoaster ride for the ticker that has moved the company from nearly $2 per share to a meme king and back to single digits.
The ‘Barbenheimer’ phenomenon: How a movie meme inspired the ‘crazy, weird’ double feature
‘Barbenheimer’ buoys sentiment
AMC saw the most people fill its theaters in over three years, the chain announced in a press release on Monday.
Nearly 8 million moviegoers went to an AMC theater throughout the world this weekend, making it the most attended weekend since 2019. The company credited consumers who took in the pair of highly-anticipated films as a double feature, noting that 87,000 of their Stubbs reward program members booked a double bill. READ MORE
