AMC’s apes went bananas for the movie chain’s stock Monday, despite a rough start to Christmas week for Wall Street—here’s why.

AMC's apes went bananas for the movie chain's stock Monday, despite a rough start to Christmas week for Wall Street---here's why.

“Look out! Here comes the Spider-Man.”

Indeed, fans of Marvel’s webslinging superhero might be forgiven for humming the theme song from the 1967 animated series because it certainly seems that Spider-Man is doing whatever a spider can…at least when it comes to hefting AMC Entertainment AMC, +1.99%’s shares.

The movie theater chain managed to sidestep a brutal day for the broader stock market and pop 2% on Monday after “Spider-Man: No Way Home” broke multiple box office records and CEO Adam Aron took to Twitter TWTR, -0.21% to herald those numbers and thumb his nose at those betting that the cinema chain’s stock will fail to leverage a surge of its shares that began in earnest at the start of 2021.

Peter Parker and his multiverse of pals [No spoilers] netted $260 million over the weekend, giving it the second-biggest domestic opening of…

Continue reading