COVID-19 has hit indoor entertainment stocks hard, by keeping large crowds from gathering in tight quarters. But Tuesday brought positive news about a potential vaccine and gave a lift to a lot of beaten-down shares.
Shares of theater chains Cinemark Holdings (NYSE: CNK) and AMC Entertainment Holdings (NYSE: AMC) traded up as much as 13% and 8.5%, respectively, while shares of Dave & Buster's Entertainment (NASDAQ: PLAY) were up 12% at one point on Tuesday.
The stocks are all underperforming the S&P 500 for the year, but at least on Tuesday they are heading in the right direction.