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AMC LONG SET UP (AMC to reopen eight theaters in California)

Long
NYSE:AMC   AMC ENTERTAINMENT HOLDINGS INC
TITLE : BUY AMC
ASSETS : STOCK
SYMBOL : AMC
PLATFORM: WeBull or Robinhood
ORDER TYPE : (EP1) Market (1/2) position size (partial low lot entry)
(EP2) BUY LIMIT ORDER (2/2) (Now enter rest of position)
TF : Week
ENTRY PRICE 1: $2.68
ENTRY PRICE 2: $2.08
STOP LOSS : $1.18 (15 PIPs)
TAKE PROFIT 1- $3.86
TAKE PROFIT 2- $4.86
TAKE PROFIT 3 $5.86
STATUS : ACTIVE
AMC to reopen eight theaters in California
Oct 27 (Reuters) - AMC Entertainment Holdings Inc AMC said on Tuesday it plans to reopen eight theaters in California, one of its key markets, providing some much needed hope to an industry that has been hammered by the COVID-19 pandemic.
AMC said that it would reopen theaters in Northern California, including San Francisco and the greater Bay Area.
The world's largest theater chain expects to have about 540 of its 600-theatre circuit open by the end of this month.
While big theater chains such as AMC Entertainment and Cineworld Group CINE have reopened many locations, audiences have been thin due to virus fears and delays in major releases by studios.
Small and mid-sized theater companies have said they may not survive the impact of the pandemic.
Shares of AMC , which have fallen 62% this year, were up 4.3% in premarket trading.
AMC to Reopen Seven Theater Locations in Northern California
AMC Entertainment ( AMC ) said Tuesday it will resume operations at seven theaters in Northern California on Oct. 30, and open a new location in the area as well.
As a result of the openings, AMC said it expects to have approximately 540 of its 600-theatre circuit open by the end of October.
AMC Entertainment to Reopen Dozen Locations in New York on Friday; Shares Rise 6% Pre-Bell
AMC Entertainment Holdings ( AMC ) reported that approximately 12 AMC locations throughout New York state, except for New York City, will resume operations Friday.
AMC said it expects to have approximately 530 of its 600-theatre circuit open and serving guests by the end of October. Beginning Friday, AMC will open in 44 of the 45 states where it has theaters.
"We continue to work closely with state and local authorities about the reopening of New York City, which we now hope with increasing confidence is not far away," said CEO Adam Aron.

Shares of AMC are up more than 6% in premarket trading.
The company said it is in discussions with local authorities about resuming operations in its remaining theaters.
AMC Entertainment Holdings Offers Private Screenings
AMC Entertainment Holdings ( AMC ) is offering private screenings for up to 20 people, with auditorium available at a starting price of $99 plus tax, according to a post on the company's website.
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