Shares of AMC Entertainment Inc. AMC,
shot up 6.5% in the morning trade on Friday, putting it on track for a weekly gain of 36.0%, and has now risen 95.9% amid a four-week victory. The film theater operator announced in its annual report to the Securities and Exchange Commission that as of March 5, 527, or 89.5% of its U.S. theaters, and 78, or 21.9% of its international leased and partner theaters, was limited. seat. The company said that if attendance levels rise as currently expected, as COVID-19 eases pandemic restrictions, it will have enough liquidity to meet minimum debt requirements to fund operations and meet commitments by at least March 2022. AMC said that by 2021, rental costs are expected to increase “significantly” due to the deferred lease obligations and $ 450 million futures on December 31st. its landlords to reduce or defer a significant portion of its lease obligations. AMC’s share, which has lost 45.0% since closing on January 27 at a more than 2-year high of $ 19.90, has risen 276.3% over the past 12 months while the S&P 500 SPX ,
it rose by 58.5%.
