|Bid||58.08 x 0|
|Ask||58.24 x 0|
|Day's Range||56.69 - 59.82|
|52 Week Range||15.11 - 232.40|
|Beta (5Y Monthly)||2.46|
|PE Ratio (TTM)||N/A|
|Earnings Date||Sep 24, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Apr 09, 2020|
|1y Target Est||4.36|
AMC, Cinemark, and Marcus shares rose after Cineworld, which operates Regal theaters in the U.S., announced a financial infusion of $750 million.
The cinema operator will be able to survive until the return of big-budget films to the theaters next year.
Cineworld (OTC: CNNW.F), the owner of the Regal movie theater chain and the world's second largest cinema operator behind AMC Entertainment (NYSE: AMC), is reportedly in talks with its lenders to negotiate a rescue package that would keep it from seeking bankruptcy court protection. The theater owner has over 800 movie houses worldwide, over 500 of which are in the U.S. It had reopened them in August as local governments allowed the economy to operate once more, but chose to close them all again when movie studios began shuffling off their new releases until 2021, leaving few if any current films to show to audiences. Cineworld is not the only one in dire financial straits.