The entertainment industry continues to benefit from the reopened economy that's allowed people to enjoy experiences outside their homes. Movie theater owners AMC Entertainment Holdings (NYSE: AMC) and Cinemark Holdings (NYSE: CNK) , along with concert promoter Live Nation Entertainment (NYSE: LYV) , are all enjoying a higher valuation so far this week from last Friday's close, according to data from S&P Global Market Intelligence .
Both Cinemark and Live Nation are each up nearly 10% from last week, and though AMC's shares had been running higher, too, they tumbled 9% yesterday after it was reported CEO Adam Aron sold another $9 million worth of his holdings. The stock is now up just 1.6% this morning from last Friday.
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Why AMC, Cinemark, and Live Nation Shares Are Glowing Green This Week