Shares fell sharply amid economic turmoil for AMC Entertainment and Paramount, which struggled to stay green during morning trading after the biggest Memorial Day opening film. Top Gun: Maverick.
Things are changing fast on Wall Street with the latest news on war, inflation and interest rates, so that’s not the last word for today’s session, following First Friday and the explosion of the action movie Tom Cruise, which that’s great news. In theaters and for Paramount.
A sequel to 1986’s Cruise from director Joseph Kosinski, when Navy fighter Pete Maverick made more than $ 153 million in a four-day weekend, making him the first record holder in 2007. Pirates of the Caribbean: The end of the world. It has also beaten forecasts in the film industry, which is still struggling to recover from Covid-induced closures, changes to release times and consumer restraint, especially in older screenings. The further good news is that, for the most part, top Gun The audience was over 35 years old.
Shares of the giant chain AMC are trading around $ 14.75, up 2%. The shares were up 10% in pre-market trading, but fell sharply, going short in the red.
Shares of Paramount Global were up 0.5% to $ 34. Before they were red. upper gun 2 It is the fifth issue of Studio 1 to be released after 2022 Scream, Jackass Forever, The Lost City Y Sonic The Hedgehog 2, Slate built on the great diversity of the winning product.
In the broader markets today everyone was low, albeit without a session minimum. The S&P 500 was down 0.73%; Nasdaq of 0.76%; The DJIA fell 225 points, or 0.68%.
In last week’s rally, Stoke took a hit (the longest dip in the S&P 500 in over 20 years), but hit again after oil prices soared after the EU backed a partial ban on imports of oil. Russian oil. The response to Vladimir Putin’s invasion of Ukraine and the ongoing war. Consumers and businesses alike are shrinking in the face of rising food and energy prices and supply chain disruptions related to war and Covid.
Elsewhere on the display front, Imax is softer, with Cinemark down $ 1.58 at a 1.15% discount. Marcus, owner of theaters and hotels, was up 1.1%.
Source: Deadline
I am Anne Johnson and I work as an author at the Fashion Vibes. My main area of expertise is beauty related news, but I also have experience in covering other types of stories like entertainment, lifestyle, and health topics. With my years of experience in writing for various publications, I have built strong relationships with many industry insiders. My passion for journalism has enabled me to stay on top of the latest trends and changes in the world of beauty.
