{"id":7356,"date":"2023-10-31T01:37:12","date_gmt":"2023-10-31T01:37:12","guid":{"rendered":"https:\/\/infundpros.com\/investment\/amc-shares-set-for-largest-percentage-gain-in-more-than-3-weeks-boosted-by-taylor-swift\/"},"modified":"2023-10-31T01:37:14","modified_gmt":"2023-10-31T01:37:14","slug":"amc-shares-set-for-largest-percentage-gain-in-more-than-3-weeks-boosted-by-taylor-swift","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=7356","title":{"rendered":"AMC shares set for largest percentage gain in more than 3 weeks, boosted by Taylor Swift"},"content":{"rendered":"
\n

Shares of AMC Entertainment Holdings Inc. were up 8.1% Monday and are set to break a three-day losing streak. The stock is also on pace for its largest daily percentage gain since Oct. 6, when it gained 11.6%.<\/p>\n

The movie-theater chain and meme-stock darling has been reaping the benefits of Taylor Swift\u2019s record-breaking concert film, which opened Oct. 12. \u201cTaylor Swift: The Eras Tour,\u201d was expected to cross\u00a0$200 million\u00a0at the global box office on Sunday, according to Comscore data. The film has brought in an estimated $203 million worldwide since its release, making it the first pure concert film in history to record more than $200 million in global box-office receipts, Comscore said in a statement released Sunday.<\/p>\n

\n

Related: <\/strong>AMC shares rise as \u2018Taylor Swift: The Eras Tour\u2019\u00a0sets another record<\/p>\n

In addition to showing \u201cTaylor Swift: The Eras Tour\u201d in its theaters, AMC\u00a0
\n AMC,
\n +8.85%<\/bg-quote>
\n is also the theatrical distributor for the movie. AMC Theatres Distribution and subdistribution partners Variance Films, Trafalgar Releasing, Cinepolis and Cineplex Inc.
\n CGX,
\n +0.73%<\/bg-quote><\/p>\n

CPXGF,
\n -0.42%<\/bg-quote>
\n have clinched deals with movie-theater operators representing more than 8,500 theaters globally to show the film, according to AMC.<\/p>\n

\u201cTaylor Swift: The Eras Tour\u201d was\u00a0breaking records\u00a0even before its scheduled release on Oct. 13, prompting more showings to be added. On Oct. 11, Swift tweeted that early access showings would be held on Oct. 12, citing \u201cunprecedented demand\u201d for the movie.<\/p>\n

Related:\u00a0<\/strong>AMC shares rise as meme-stock darling eyes another big Taylor Swift weekend<\/p>\n

AMC shares have fallen 72.5% in 2023, compared with the S&P 500 index\u2019s
\n SPX
\n gain of 8.7%.<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of AMC Entertainment Holdings Inc. were up 8.1% Monday and are set to break a three-day losing streak. The stock is…<\/p>\n","protected":false},"author":1,"featured_media":7357,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[],"class_list":{"0":"post-7356","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investment"},"yoast_head":"\nAMC shares set for largest percentage gain in more than 3 weeks, boosted by Taylor Swift | inFundPros<\/title>\n<meta name=\"description\" content=\"Shares of AMC Entertainment Holdings Inc. were up 8.1% Monday and are set to break a three-day losing streak. 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