Stocks in U.S. movie theater circuits AMC and Cinemark staged rallies today after more positive Covid-19 vaccine news as well as a new financial lifeline for Cineworld.
The UK-based Cineworld, parent of Regal Cinemas, said it secured a $450 million credit facility and an overall infusion of $750 million. On the vaccine front, AstraZeneca said late-stage trials of its vaccine, developed with the University of Oxford, have proven “highly effective,” making it the third promising vaccine to emerge in as many weeks. Millions of Americans could start receiving vaccine in early 2021, offering hope for large swaths of the economy.
AMC shares closed at $3.80, up 13%, their highest level since October 12. Cinemark’s closing price of $15.66 was up almost 7% and its best showing since September 4. In further bullish signs for the moviegoing sector, Imax, Marcus Corp., Reading International and National CineMedia all posted gains of between 3% and 7% during the session.
Cineworld shares rocketed...
The UK-based Cineworld, parent of Regal Cinemas, said it secured a $450 million credit facility and an overall infusion of $750 million. On the vaccine front, AstraZeneca said late-stage trials of its vaccine, developed with the University of Oxford, have proven “highly effective,” making it the third promising vaccine to emerge in as many weeks. Millions of Americans could start receiving vaccine in early 2021, offering hope for large swaths of the economy.
AMC shares closed at $3.80, up 13%, their highest level since October 12. Cinemark’s closing price of $15.66 was up almost 7% and its best showing since September 4. In further bullish signs for the moviegoing sector, Imax, Marcus Corp., Reading International and National CineMedia all posted gains of between 3% and 7% during the session.
Cineworld shares rocketed...
- 11/23/2020
- by Dade Hayes
- Deadline Film + TV
Similar News
How to Watch ‘Interview with the Vampire’ Season 2 Premiere Live on Apple TV, Fire TV, Roku & Mobile
- 5/12/2024
- by David Satin
- The Streamable
“[I was] popping Advil like they were Tic Tacs”: Norman Reedus paid a Heavy Price For Playing Daryl Dixon in The Walking Dead
- 5/11/2024
- by Visarg Acharya
- FandomWire
The Walking Dead Creators Went Against the Comic Book For Norman Reedus by Creating Daryl Dixon
- 5/11/2024
- by Lachit Roy
- FandomWire
Jonny Greenwood Confirms He Will Score Paul Thomas Anderson’s Next Feature
- 5/10/2024
- by Jordan Raup
- The Film Stage
“Shelter In Place. Wait Further Instructions” Watch The Scary New Trailer For A Quiet Place: Day One
- 5/9/2024
- by Michelle McCue
- WeAreMovieGeeks.com
Cineplex CEO Credits ‘Dune: Part Two’ for Keeping Box Office Afloat
- 5/9/2024
- by Etan Vlessing
- The Hollywood Reporter - Movie News
Wonder Woman 3 | Chris Pine ‘stunned’ that sequel never happened
- 5/7/2024
- by Ryan Lambie
- Film Stories
Chris Pine Expresses Surprise Over Dcu’s Shift Away from Wonder Woman: “They Said No to a Billion-Dollar Franchise”
- 5/7/2024
- by Valentina Kraljik
- Fiction Horizon
Chris Pine Shocked That Dcu Is Moving Away from Wonder Woman: “They Said No to a Billion-Dollar Franchise”
- 5/7/2024
- by Valentina Kraljik
- Comic Basics
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.
More to explore
Box Office: ‘Kingdom of the Planet of the Apes’ Makes $6.6 Million in Previews
- 5/10/2024
- by Jordan Moreau
- Variety - Film News
‘Red, White & Royal Blue’ Sequel in the Works, With Nicholas Galitzine and Taylor Zakhar Perez Returning
- 5/10/2024
- by Adam B. Vary
- Variety - Film News
‘Fantastic Four’ Casts Ralph Ineson as Galactus (Exclusive)
- 5/9/2024
- by Borys Kit
- The Hollywood Reporter - Movie News
‘The Bear’ Season 3 Releases Teaser, Premiere Date
- 5/9/2024
- by Christy Piña
- The Hollywood Reporter - Movie News
‘Pam & Tommy’ Stars Sebastian Stan, Lily James Reteam for ‘Let The Evil Go West’ Horror Thriller
- 5/9/2024
- by Etan Vlessing
- The Hollywood Reporter - Movie News
‘Law & Order’ Bidding Farewell to Camryn Manheim
- 5/10/2024
- by Lesley Goldberg
- The Hollywood Reporter - Movie News
Frank Grillo Joins ‘Peacemaker’ Season 2 as Rick Flag Sr.
- 5/10/2024
- by Jordan Moreau
- Variety - TV News
‘Red, White & Royal Blue’ Sequel in the Works, With Nicholas Galitzine and Taylor Zakhar Perez Returning
- 5/10/2024
- by Adam B. Vary
- Variety - Film News
Marvel’s ‘The Fantastic Four’ Adds ‘The Witch’ Star Ralph Ineson as Galactus
- 5/9/2024
- by Katcy Stephan, Angelique Jackson and Adam B. Vary
- Variety - Film News
Justin and Hailey Bieber Expecting First Child
- 5/9/2024
- by Chris Gardner
- The Hollywood Reporter - Movie News
Olivia Wilde, Gregg Araki Team On Black Bear Thriller ‘I Want Your Sex’
- 5/9/2024
- by Matt Grobar
- Deadline Film + TV
Tatiana Maslany & Rossif Sutherland To Star In ‘Keeper’, The Next Film From ‘Longlegs’ Director Osgood Perkins; Neon Pre-Buys U.S. Rights & Will Launch Int’l Sales At Cannes
- 5/9/2024
- by Andreas Wiseman
- Deadline Film + TV
MTV Documentary Films Acquires U.S. Rights to Sundance #MeToo Doc ‘Black Box Diaries’ (Exclusive)
- 5/9/2024
- by Addie Morfoot
- Variety - Film News
Melanie Lynskey, Robyn Malcolm to Lead ‘Pike River’ Thriller About New Zealand Mining Disaster, Signature Launching Sales in Cannes (Exclusive)
- 5/9/2024
- by Alex Ritman
- Variety Film + TV
‘The Sheriff’: Milo Gibson, Mark Dacascos, Tom Berenger & More Cast In Josh Tessier Crime Thriller
- 5/9/2024
- by Valerie Complex
- Deadline Film + TV
Easterseals Disability Film Challenge Announces 2024 Winners
- 5/10/2024
- by Pat Saperstein
- Variety - Film News
Box Office: ‘Kingdom of the Planet of the Apes’ Makes $6.6 Million in Previews
- 5/10/2024
- by Jordan Moreau
- Variety - Film News
‘Red, White & Royal Blue’ Sequel in the Works, With Nicholas Galitzine and Taylor Zakhar Perez Returning
- 5/10/2024
- by Adam B. Vary
- Variety - Film News
Marvel’s ‘The Fantastic Four’ Adds ‘The Witch’ Star Ralph Ineson as Galactus
- 5/9/2024
- by Katcy Stephan, Angelique Jackson and Adam B. Vary
- Variety - Film News
Olivia Wilde, Gregg Araki Team On Black Bear Thriller ‘I Want Your Sex’
- 5/9/2024
- by Matt Grobar
- Deadline Film + TV
‘Law & Order’ Bidding Farewell to Camryn Manheim
- 5/10/2024
- by Lesley Goldberg
- The Hollywood Reporter - Movie News
‘The Bachelor,’ ‘American Idol’ Among Seven Unscripted Renewals at ABC
- 5/10/2024
- by Rick Porter
- The Hollywood Reporter - Movie News
‘The Conners’ Renewed for Seventh and Final Season at ABC, ‘Not Dead Yet’ Canceled
- 5/10/2024
- by Joe Otterson
- Variety - TV News
Frank Grillo Joins ‘Peacemaker’ Season 2 as Rick Flag Sr.
- 5/10/2024
- by Jordan Moreau
- Variety - TV News
‘Shogun’ Nears Season 2 Renewal at FX as Star Hiroyuki Sanada Signs Deal to Return
- 5/10/2024
- by Ethan Shanfeld
- Variety - TV News