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Stocks on the move: Starbucks gets boost from Oppenheimer, Movie theaters tumble on new closures

Yahoo Finance's Adam Shapiro breaks down the stocks to watch Monday.

Video Transcript

ADAM SHAPIRO: Let's check some stocks on the move. And first, we want to check out what's happening with Starbucks. Some positive news here. Shares were up 1.3% at the opening bell. They've been as high as up 1.7% within the last couple of minutes. Oppenheimer raised their price target to $101. Wanted to let y'all know, Julia La Roche is going to have much more for us a bit later on all of this. Also keep in mind that the 52-week price range for Starbucks has been anywhere from about $50 to $95 a share.

And it was Cowen that said in an upgrade recently that Starbucks' recovery looks durable. Wish we had that kind of good news for the theater chains. We got the news about Cinemark. Well, here, let's take a look. AMC right now, shares are down. 13% at the opening bell. And you can see that they are down at this point about 11%. You've also got Cinemark down 18%. Now, this on the news that Cineworld Group announced that it is temporal temporarily suspending its operations in the United States and in the UK.

That's 45,000 jobs, folks, 45,000 jobs on the line. And, of course, all of this is because Hollywood, people want to go to movies right now. And they've delayed the Bond film, "No Time to Die." It has now been delayed again until 2021. More On the Move for you right after this.