Shares of Movie Exhibitors Climb as New Avengers Movie Sets Records

By Allison Prang

Shares of movie exhibitors rose Monday following the first weekend that the latest Avengers movie hit screens and became the first ever to gross over $1 billion in its world-wide debut.

AMC Entertainment Holdings Inc. (AMC) shares rose 0.5% to $15.47 Monday morning. The company, which is the nation's largest cinema chain, said it sold over 2.6 million tickets Saturday, its highest single-day attendance recorded. The company said the release of "Avengers: Endgame"--by Walt Disney Co. (DIS)--partly drove the new high.

Shares of IMAX Corp. (IMAX) also climbed 3.9% to $25.37. IMAX said "Avengers: Endgame" grossed about $91.5 million, setting a world-wide opening weekend record for the company.

Shares of Cinemark Holdings Inc. (CNK) rose 0.3% to $41.67.

Write to Allison Prang at allison.prang@wsj.com

(END) Dow Jones Newswires

April 29, 2019 10:12 ET (14:12 GMT)

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