AMC (AMC) & Cinemark (CNK) See Busiest Weekend So Far In 2023

Movie theater stocks are higher after huge weekend at the box office. Caroline Woods joins Alex Coffey and Jenny Horne to discuss AMC (AMC) and Cinemark (CNK). She talks about how over 3.6M guests went to U.S. theaters between Friday and Sunday and announced it had its busiest weekend so far in 2023. Saturday saw the highest single-day revenue for AMC since theaters reopened in 2020. She then goes over how CNK shares soar to 8-month highs and B. Riley raised CNK's price target to $20 from $15. Tune in to find out more about the stock market today.