$AMC Entertainment(AMC.US)$ shares are trading higher following a strong opening box office performance of 'Spider-Man: No Way Home.'
AMC's stock was trading about 16.52% higher at $28.49 per share on Friday at the time of publication. The stock has a 52-week high of $72.62 and a 52-week low of $1.91.
The movie, which opened last night at AMC Theatres across the United States, was the single highest-grossing movie title on its opening night in AMC's history, for a movie opening in the month of December, said in the company's press release.
Approximately 1.1 million people attended Spider-Man at a U.S. AMC theatre yesterday, also said in the press release.
AMC Entertainment, through its subsidiaries, is involved in the theatrical exhibition business. The company owns, operates, or has interests in theatres.