Shares of AMC Entertainment Holdings Inc.
AMC,
are up 5.9% Tuesday, and are on pace for their best two-day stretch since the two days ending Oct. 9, 2023, according to Dow Jones Market Data. The stock is up 15.3% in the last two days. During the two days ending Oct. 9 AMC shares rose 18.3%. The movie-theater chain and meme-stock darling has been reaping the benefits of Taylor Swift’s record-breaking concert film, which opened Oct. 12. “Taylor Swift: The Eras Tour” 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. AMC shares are down 70.6% in 2023, compared with the S&P 500 index’s
SPX,
gain of 8.9%.
