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2021-10-04

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AMC's stock shoots up after FDA approval of COVID vaccine

Movie theater stocks get a boost from vaccine approval as it fuels hopes that vaccination rates will

AMC's stock shoots up after FDA approval of COVID vaccine

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Read more in MarketWatch's the \"Coronavirus Update\" column.</p>\n<p>Earlier in August, AMC Chief Executive Adam Aron had said in a conference call with analysts after second-quarter results were released that vaccination rates played a role in AMC's results.</p>\n<p>\"[V]accination increasing is very important for AMC and for the movie theater industry generally,\" Aron said, according to a FactSet transcript.</p>\n<p>When asked by analyst Sean Goodman at Goldman Sachs how AMC is preparing for a possible large-scale COVID surge, Aron said he didn't expect the type of shutdowns seen last winter, given the extensive availability of vaccines.</p>\n<p>\"The solution for AMC is vaccination,\" Aron said.</p>\n<p>Also read: Will vaccine skeptics accept the safety of the COVID shot now that the FDA has granted full approval?</p>\n<p>Elsewhere, shares of Cinemark Holdings Inc. <a href=\"https://laohu8.com/S/CNK\">$(CNK)$</a> climbed 8.2% and IMAX Corp. <a href=\"https://laohu8.com/S/IMAX\">$(IMAX)$</a> rhiked up 6.0%.</p>\n<p>The stocks outperformed the broader stock market by a wide margin, as the S&amp;P 500 index rose 1.0%. Read Market Snapshot.</p>\n<p>Cinemark Chief Executive Mark Zoradi said earlier this month in a post-earnings conference call that <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the key considerations regarding the rebound of the theatrical exhibition industry was \"the status of the virus and vaccinations.\"</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMC's stock shoots up after FDA approval of COVID vaccine</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMC's stock shoots up after FDA approval of COVID vaccine\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-10-02 11:17</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Movie theater stocks get a boost from vaccine approval as it fuels hopes that vaccination rates will increase</p>\n<p>Shares of movie theater operators got a big boost Monday, as full approval of a COVID-19 vaccine by the Food and Drug Administration helped fuel hopes that increased vaccination rates would bring more people back to the movies.</p>\n<p>AMC Entertainment Holdings Inc.'s stock <a href=\"https://laohu8.com/S/AMC\">$(AMC)$</a> ran up 9.6% in afternoon trading, after being up about 2.0% just prior to the FDA's announcement.</p>\n<p>The FDA's approval of the vaccine developed by Pfizer Inc. <a href=\"https://laohu8.com/S/PFE\">$(PFE)$</a> and <a href=\"https://laohu8.com/S/BNTX\">BioNTech SE</a> (BNTX)applies to people who are at least 16 years old.</p>\n<p>\"While millions of people have already safely received COVID-19 vaccines, we recognize that for some, the FDA approval of a vaccine may now instill additional confidence to get vaccinated,\" said acting FDA Commissioner Janet Woodcock in a statement. Read more in MarketWatch's the \"Coronavirus Update\" column.</p>\n<p>Earlier in August, AMC Chief Executive Adam Aron had said in a conference call with analysts after second-quarter results were released that vaccination rates played a role in AMC's results.</p>\n<p>\"[V]accination increasing is very important for AMC and for the movie theater industry generally,\" Aron said, according to a FactSet transcript.</p>\n<p>When asked by analyst Sean Goodman at Goldman Sachs how AMC is preparing for a possible large-scale COVID surge, Aron said he didn't expect the type of shutdowns seen last winter, given the extensive availability of vaccines.</p>\n<p>\"The solution for AMC is vaccination,\" Aron said.</p>\n<p>Also read: Will vaccine skeptics accept the safety of the COVID shot now that the FDA has granted full approval?</p>\n<p>Elsewhere, shares of Cinemark Holdings Inc. <a href=\"https://laohu8.com/S/CNK\">$(CNK)$</a> climbed 8.2% and IMAX Corp. <a href=\"https://laohu8.com/S/IMAX\">$(IMAX)$</a> rhiked up 6.0%.</p>\n<p>The stocks outperformed the broader stock market by a wide margin, as the S&amp;P 500 index rose 1.0%. Read Market Snapshot.</p>\n<p>Cinemark Chief Executive Mark Zoradi said earlier this month in a post-earnings conference call that <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the key considerations regarding the rebound of the theatrical exhibition industry was \"the status of the virus and vaccinations.\"</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BNTX":"BioNTech SE","CNK":"喜满客影城","AMC":"AMC院线","PFE":"辉瑞","IMAX":"Imax Corp"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2172842961","content_text":"Movie theater stocks get a boost from vaccine approval as it fuels hopes that vaccination rates will increase\nShares of movie theater operators got a big boost Monday, as full approval of a COVID-19 vaccine by the Food and Drug Administration helped fuel hopes that increased vaccination rates would bring more people back to the movies.\nAMC Entertainment Holdings Inc.'s stock $(AMC)$ ran up 9.6% in afternoon trading, after being up about 2.0% just prior to the FDA's announcement.\nThe FDA's approval of the vaccine developed by Pfizer Inc. $(PFE)$ and BioNTech SE (BNTX)applies to people who are at least 16 years old.\n\"While millions of people have already safely received COVID-19 vaccines, we recognize that for some, the FDA approval of a vaccine may now instill additional confidence to get vaccinated,\" said acting FDA Commissioner Janet Woodcock in a statement. Read more in MarketWatch's the \"Coronavirus Update\" column.\nEarlier in August, AMC Chief Executive Adam Aron had said in a conference call with analysts after second-quarter results were released that vaccination rates played a role in AMC's results.\n\"[V]accination increasing is very important for AMC and for the movie theater industry generally,\" Aron said, according to a FactSet transcript.\nWhen asked by analyst Sean Goodman at Goldman Sachs how AMC is preparing for a possible large-scale COVID surge, Aron said he didn't expect the type of shutdowns seen last winter, given the extensive availability of vaccines.\n\"The solution for AMC is vaccination,\" Aron said.\nAlso read: Will vaccine skeptics accept the safety of the COVID shot now that the FDA has granted full approval?\nElsewhere, shares of Cinemark Holdings Inc. $(CNK)$ climbed 8.2% and IMAX Corp. $(IMAX)$ rhiked up 6.0%.\nThe stocks outperformed the broader stock market by a wide margin, as the S&P 500 index rose 1.0%. Read Market Snapshot.\nCinemark Chief Executive Mark Zoradi said earlier this month in a post-earnings conference call that one of the key considerations regarding the rebound of the theatrical exhibition industry was \"the status of the virus and vaccinations.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":171,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":12,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}