Imax, Cinemark Shares Surge As Market Opens Down 2%

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Updated with higher stock prices: Exhibition stocks rallied Thursday in a volatile market with Imax, Cinemark and National Cinemedia surging and AMC Entertainment swinging to gains. The market fell…

ImaxThe market fell more than 2% at the open on Thursday despite massive commitments by governments and central banks to prop up economies and industry and help workers dislocated by theImax is 42%. Cinemark is up 50%. AMC Entertainment is up 2%. National Cinemedia is up 20%.And the National Association of Theater OwnersLondon's Canceled LGBTIQ+ Fest BFI Flare Sets Plan For Digital Rollout

After two truly horrific day with 6%-plus losses and trading halts, today’s more modest dip – at least so far – according to one CNBC anchor, may be showing “tepid signs of lessening volatility.” The European Central Bank launched a so-called Pandemic Emergency Purchase Program of 750 billion euros worth of debt purchases to help the regional economy.

 

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Many businesses have deferred demand where people will buy as soon as outlets reopen. That isn't the case for restaurants, hotels and movie theaters.

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