Why AMC Entertainment Stock Soared 81% in November

Jeremy Bowman, The Motley Fool
·2 min read
Why AMC Entertainment Stock Soared 81% in November

Shares of AMC Entertainment (NYSE: AMC), the world's largest movie theater chain, jumped last month as the stock got a huge boost from positive vaccine developments, most notably from Pfizer in partnership with BioNTech, which was the first team to announce a successful phase 3 vaccine trial. Shares finished the month up 81%, according to data from S&P Global Market Intelligence. The chart below shows the majority of those gains came on Nov. 9 after the Pfizer news came out.