India, July 20 -- AMC Entertainment Holdings, Inc. (AMC) shares rose $0.26, or 13.14 percent, to $2.20 on Monday after the movie theater chain reported higher second-quarter revenue and returned to adjusted profitability.
The stock opened at $2.20 and traded between $2.10 and $2.39 during the session on the New York Stock Exchange. It has traded in a 52-week range of $0.93 to $3.60. Trading volume reached 87.78 million shares, compared with an average daily volume of 38.88 million shares.
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Revenue for the quarter increased 14.2 percent to $1.597 billion from $1.398 billion, while adjusted EBITDA climbed 69.6 percent to $321.4 million. The company posted a...