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Movie theater stocks soar after industry asks Congress for government aid

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Movie theater stocks soared on Thursday after the industry made a plea to the US Congress for relief measures as coronavirus decimates movie-going

Shares of AMC Theatres, the country's biggest movie theater chain, were up 28% on Thursday while another major chain, Cinemark, saw its stock shoot up 72%. Shares of IMAX , the company behind specialty screens and theaters, jumped 51%.

Disney postpones Marvel's 'Black Widow' because of the coronavirus outbreakRead MoreThe coronavirus outbreak has forced the delay of such blockbuster films as Disney's"Mulan," Marvel's "Black Widow" and Universal's"F9," the next film in the Fast & Furious franchise.

 

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TJX closed stores

Movie theaters have been hit hard by the pandemic as they close down nationwide. I wonder if the government aid will keep their stock prices go upward.

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