By Yasin Ebrahim
Investing.com – AMC and several other cinema related stocks rallied Monday after New York Governor Andrew Cuomo said that movie theaters in the city
AMC Entertainment (NYSE:) was up 13%, and Imax (F:), Cinemark Holdings Inc (NYSE:) and National CineMedia Inc (NASDAQ:) were sharply higher.
Cinemas will be allowed to reopen at 25% capacity, and restrictions will limit moviegoers to no more than 50 per screen, with masks, social distancing and other protocols to remain in place.
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